The People’s Bank of China offered commercial banks RMB50 billion (US$8 billion) in short-term financing Thursday, using a cash-injection measure not seen since January of last year, The Wall Street Journal reported. The injection via seven-day reverse repos came after the central bank said Wednesday it had rolled over three-month loans of RMB269.5 billion (US$43.5 billion) and offered RMB50 billion of medium-term loans to designated commercial banks. The move comes ahead of February’s Spring Festival holiday, when demand for funds normally increases substantially as people spend on gifts and dining.