CHINA TOPIX

China Injects $8 Billion into Banking System to Help Revive Economy

Dino Lirios   |

Jan 23, 2015 01:24 PM EST

In an effort to address a seasonal cash squeeze that is worsened by capital outflows, China's central bank will be injecting 50 billion yuan - equivalent to $8 billion - into their banking system effectively increasing its re-lending quota.