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China’s central bank to inject $81b stimulus into top 5 banks
Friday, October 17, 2014 21:41
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China‘s central bank is injecting 500 billion yuan ($81 billion) into the country’s five major state-owned banks as it moves to counter slower-than-expected growth in the world’s No. 2 economy, according to a senior Chinese banking executive. The move contributed to a rise in Asian markets early Wednesday, but falls short of a more sweeping …
Source: http://www.hangthebankers.com/chinas-central-bank-to-inject-81b-stimulus-into-top-5-banks/
