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China’s central bank injects $23.4 billion into the economy

by ChemOrbis Editorial Team -
  • 25/08/2015 (13:28)
According to media reports, China’s central bank, the People’s Bank of China, has injected 150 billion yuan ($23.4 billion) worth of seven-day reverse-repurchase agreements into the market in order to offset the effects of increasing capital outflows from a weakening economy and declining stock market.

The bank also sold 60 billion yuan of three-month treasury deposits on behalf of the Ministry of Finance at 3%, according to Bloomberg.
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