6 days ago
China Injects Most Short-Term Cash This Week Since January
China ramped up its short-term cash injection into the banking system to the highest since January this week as it sought to replenish funds drained by tax payments and heavy government debt issuance.
The People's Bank of China added a net 1.3 trillion yuan ($181 billion) of cash into the financial system through seven-day reverse repurchase agreements this week, according to Bloomberg calculations.
