China pumped 140 billion yuan ($21.8 billion) into its economy on Wednesday, in the central bank’s latest bid to shore up slowing economic growth and waylay investors’ fears of a “hard landing.”
The People’s Bank of China (PBoC) injected billions of yuan into the interbank money market via a short-term liquidity operation, the bank said on its website.
The loans mature in six days and have an average weighted bid rate of 2.3 percent.
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