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22.05.2020, 05:57

Coronavirus: China says it will not set GDP target this year, BOJ reveals details of new funding scheme in Japan

  • CNBC reports that confirmed coronavirus cases around the world passed 5 million early Thursday as infections continue to accelerate in the Americas. The U.S. alone accounts for 1.5 million cases of the virus and more than 90,000 deaths of the global death toll.  

  • In China, where the virus outbreak was first detected late last year, government officials said there will be no official growth targets set for this year as the country will “face some factors that are difficult to predict in its development,” due to the uncertainties of the pandemic.

  • Japan’s central bank outlined details for a new scheme aimed at boosting lending to small and medium-sized businesses who are struggling with the economic fallout. 


  • Global cases: More than 5.1 million

  • Global deaths: At least 332,900

  • U.S. cases: More than 1.57 million

  • U.S. deaths: At least 94,702

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