Posted on 01/26/2016 5:13:23 AM PST by EBH
Shanghai (AFP) - China's central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges.
The injection through the regular open market operations of the People's Bank of China (PBoC) was the largest since 2013, Bloomberg News reported.
Chinese companies typically pay salaries and bonuses before the holiday, which falls in early February this year. People also traditionally exchange cash and gifts during the period.
The PBoC last week flooded the financial system with more than 1.5 trillion yuan.
Some analysts have likened the latest fund injections to a loosening of monetary policy or a replacement of funds lost to capital outflows
(Excerpt) Read more at news.yahoo.com ...
Hopefully they don’t call in their loans to help with their bleeding economy.
They are going to have to.
Remember when the U.S. actually led the world instead of following it?
They are going to have to save for all the tariffs on their products that are coming up.
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