All Disney stores in North America will close from March 17, as will all Disney-owned and operated locations at Downtown Disney in Anaheim and Disney Springs in Orlando
From CNN Business's Laure He in Hong KongThe People's Bank of China on Monday pumped 100 billion yuan into the financial system by offering one-year medium-term lending facility loans to banks.
On Friday, the central bank announced it would cut the amount of cash banks need to hold as reserves by 50 basis points, injecting around 550 billion yuan into the economy. The RRR cut took effect on Monday. The PBOC also said it would take other measures to lower borrowing costs to protect the economy that has been damaged by the coronavirus outbreak.
It comes as fresh data from China today showed the economy has been hit harder than expected by the coronavirus outbreak. Retail sales plunged 20.5% in the January-to-February period from a year earlier, much worse than the forecast 0.8% rise by analysts polled by Reuters, according to the National Bureau of Statistics on Monday.
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