China allocates $10.26 billion to fight coronavirus

Beijing (Reuters) – China’s finance ministry said on Sunday all levels of government had allocated a total of 71.85 billion yuan ($10.26 billion) as of Saturday afternoon to fight coronavirus.

The ministry will deploy the funds to ensure that members of public can afford diagnosis and treatment, it said in a statement on its website.

The funds will also be used to ensure that efforts of every region to fight the virus are not hampered by financial constraints, it added.

($1 = 7.0003 Chinese yuan renminbi)