China injects $81bn into banks

GMT 09:58 2014 Wednesday ,17 September

Arab Today, arab today China injects $81bn into banks

China's central bank
Beijing - SPA

China's central bank is injecting 500 billion yuan (81 billion dollars) into the nation's five major state-run commercial banks to bolster economic growth, dpa cited reports as saying
The People's Bank of China will release 100 billion yuan to each bank to boost liquidity, the said.
The central bank began releasing the funds on Tuesday under its standing lending facility, a liquidity support tool, for a three-month period, it said.

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