China central bank pumped US$60b into banks on Nov, Dec to aid economy

China's central bank injected 375 billion yuan (US$60.0 billion) worth of three-month loans into large Chinese banks in November and December, it said in a statement on Wednesday. 

PHOTO: BLOOMBERG

4 Feb6:09 PM          www.google.com/+EricAu118

[BEIJING] China's central bank injected 375 billion yuan (US$60.0 billion) worth of three-month loans into large Chinese banks in November and December, it said in a statement on Wednesday.

The loans were aimed at lowering borrowing costs to support the real economy, the People's Bank of China said.

REUTERS

      

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