U.S. markets closed

China implementing $344 billion of mainly fiscal measures in coronavirus fight

BEIJING, March 26 (Reuters) - China is implementing $344 billion of mainly fiscal measures in its fight against the coronavirus outbreak, a Foreign Ministry official said on Thursday.

The money already spent includes 1 trillion yuan ($141 billion) in tax reductions, as well as liquidity released through targeted tools, Wang Xiaolong, director-general of international economic affairs at the ministry, told reporters. ($1 = 7.0749 Chinese yuan renminbi) (Reporting by Gabriel Crossley; Writing by Ryan Woo Editing by Mark Heinrich)