The Chinese central bank is widely expected to ease monetary conditions further, after President Xi Jinping called for more stimulus to revive the economy in the wake of the coronavirus shock.

The People’s Bank of China has injected 1.2 trillion yuan ($174 billion) into the markets and facilitated 300 billion yuan of special loans to affected firms since the outbreak of the virus in January.

The PBoC’s “prudent” monetary policies will continue with more flexibility, as suggested by President