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China provides stimulus to aid economy ahead of holidays

by ChemOrbis Editorial Team -
  • 28/01/2016 (13:41)
The People’s Bank of China (PBOC) injected CNY440 billion ($67 billion) of liquidity into the country’s banking system as the government attempts to ease liquidity given the increasing demand for cash ahead of the Chinese New Year holidays, according to media reports.

While the PBOC is known to inject large amounts of liquidity into the money market before the Chinese New Year holidays, its 2016 injection is reportedly the largest amount since 2013.
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