China to inject $174 billion of liquidity on Feb. 3 as markets reopen

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China to inject $174 billion of liquidity on Feb. 3 as markets reopen GlobeBusiness

This translation has been automatically generated and has not been verified for accuracy.The People’s Bank of China, seen here on Sept. 28, 2018, made the announcement in a statement on Sunday, adding the total liquidity in the banking system will be 900 billion yuan higher than the same period in 2019 after the injection.China’s central bank said it will inject 1.

Investors are bracing for a volatile session in Chinese markets when onshore trades resume on Monday after a break for the Lunar New Year which was extended by the government. The China Securities Regulatory Commission said it had taken the decision after balancing various factors, and believed the outbreak’s impact on the market would be short term.

China is facing mounting isolation as other countries introduce travel curbs, airlines suspend flights and governments evacuate their citizens, risking worsening a slowdown in the world’s second-largest economy.

 

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