TITLE

China pumps 17bn yuan into economy to ease credit fears

AUTHOR(S)
Scott, Philip
PUB. DATE
July 2013
SOURCE
Fundweb;7/30/2013, p14
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decision of the People's Bank of China to place funds into money markets to alleviate fears over a repeat of the crash crunch in June 2013. It mentions that the central bank invested 17 billion yuan into the money markets, which notes the first time it has taken such move since February. It states that China suffered a small credit crisis in mjid-June when Shanghai Interbank Offered Rate started to increase due to steep levels of interbank borrowing demands.
ACCESSION #
89585753

 

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