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China Daily | Updated: 2016-01-20 05:17
Govts & policies
PBOC boosts cash injections
China stepped up cash injections in its open market operations, striving to keep borrowing costs low as slowing economic growth spurs capital outflows. The People's Bank of China auctioned 80 billion yuan ($12 billion) of seven-day reverse repurchase agreements, matching the amount offered a week ago, and another 75 billion yuan of 28-day contracts that will mature after the weeklong Chinese Spring Festival starting Feb 8.
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