PBOC Offers Record $112 Billion of Cash as Economy Struggles Bloomberg | Makemetechie.com Summary

Image for article PBOC Offers Record $112 Billion of Cash as Economy Struggles Bloomberg | Makemetechie.com Summary

News Summary

  • China’s move to pump a record amount of cash into the economy coincided with renewed support for the property sector, sending a more powerful stimulus message to investors after piecemeal approaches had left them disheartened..
  • The central bank handed commercial lenders $112 billion of one-year loans on Friday, helping to allay concerns over cash scarcity amid a surge in government debt issuance..
China extended its support for the economy with the largest injection of mediumterm policy loans ever, as the nations growth recovery remained fragile amid a housing slump and weak demand.The Peop [+299 chars]

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