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China's central bank began to sell 20 billion yuan ($3 billion) of one-year bills on May 18. The bank injected 152 billion yuan to the money market through open market operations last week, ending the 11-week-long net reduction in the money supply, chinanews.com reported Tuesday.
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The bills are the first batch this week, rising by 6 billion yuan from the last one, the report said, adding that three-year bills are likely to be issued later this week.
A total of 95 billion yuan of bills and repos will mature this week..