China’s central bank injected cash into the financial system for the fourth consecutive week, leaving banks awash with cheap money, The Wall Street Journal reported. The extra liquidity and other mini-stimulus measures are encouraging banks to increase lending as a way to boost the country’s sluggish economy, and the efforts appear to be working. China’s big four state-owned banks lent RMB140 billion (US$22.4 billion) in less than a week, more than the RMB130 billion they lent out in the first 25 days of the month.
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