Central government is drafting policies to shore up economy, local authorities introduced measures to help companies

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The novel coronavirus outbreak is expected to take a heavy toll on Chinese economy in the first quarter. Economists close to the policy makers say the central government is drafting policies to support the economy. Some local governments have already introduced a raft of measures to help companies hit by the epidemic.

Policy watchers say Beijing originally set the economic growth target at "around 6 per cent", but many believe it's unachievable. Some say policy makers are discussing whether the target should be revised.

On Monday, Lian Weiliang, deputy head of the National Development . . .

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