19 Hrs
Source:
الاقتصادية
Chinese central bank boosts liquidity to support growth
The Chinese Central Bank has injected the largest amount of liquidity into the economy in five months, amounting to 500 billion yuan (approximately $73.8 billion), through medium-term lending operations, in an effort to support economic growth ahead of the Chinese Communist Party's Politburo meeting scheduled for late July. This move also aims to boost government bond issuance, which is expected to reach a record high during the third quarter. The decision comes after market expectations for additional stimulus measures declined and reflects Beijing's desire to ensure ample liquidity to address disappointing second-quarter growth data and provide further support to the Chinese economy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)