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China ploughs almost US$100 billion into two banks to boost weak economy

Investors at a brokerage house in Fuyang, Anhui province. Economists say the funds released from earlier monetary loosening mostly went to the financial institutions and the stock market.


CHINA has injected nearly US$100 billion from its foreign exchange reserves into two policy banks, which lend based on government directives, to help spur the country's sluggish economy, state media reported.

The central bank on Tuesday completed putting US$48 billion into...

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