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PEOPLE’S BANK OF CHINA ANNOUNCES TO PUMP 550 BILLION YUAN INTO ITS BANKING SYSTEM

Published On 14 Mar 2020 10:59 AM


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Highlights

•    It is to spur additional lending to factories and households

•    It is in response to deal with the impacts of the coronavirus outbreak

On Friday, China’s central bank joined its US and European counterparts. It was to calm global financial markets and ease economic anxiety. It was pertaining to the impact of Covid-19. It will help to ....


Tags : China economy, People's Bank of China, coronavirus outbreak, financial markets, economy of China, Global Economic Recession ,
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