US $8 billion
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.
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