China central bank's lower cash injections signal bid to curb credit growth

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.