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China central bank's lower cash injections signal bid to curb credit growth
Published Tue, May 2, 2017 · 09:50 PM
Beijing
CHINA'S central bank injected 506.39 billion yuan (S$102.5 billion) into the financial system via short and medium term liquidity tools in April, down 18 per cent from the previous month, signalling a bid to rein in rapid credit growth.
The fall followed a 50 per cent month-on-month jump in injections in March and a 35 per cent drop in February.
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