China injects $18.6 billion into economy amidst Evergrande crisis – Nairametrics

china-injects-$18.6-billion-into-economy-amidst-evergrande-crisis-–-nairametrics

The Chinese central bank, the People’s Bank of China, boosted its gross injection of short-term cash into the financial system to the tune of ¥120 billion ($18.6 billion). This action comes after China’s real estate giant Evergrande’s debt crisis caused global markets to sell-off. As previously mentioned, the Chinese central bank injected ¥120 billion ($18.6 … Read more