The People’s Bank of China in Beijing
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A provincial arm of one of China’s big-four state banks has taken a decision to close at least 10% of its branches, as coronavirus tightens its grip on Asia’s largest economy, Euromoney has learned.
The individual, a senior executive at the state-run lender, does not work in Wuhan, the capital of central Hubei province where the initial outbreak occurred, but in a well-developed part of the mainland far from its epicentre.
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