Business

Chinese central bank to pump $173bn to economy in virus boost

China’s central bank said Sunday it would pump $173 billion into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth.
The People’s Bank of China said in a statement it would launch a $173 billion reverse repurchase operation on Monday to maintain “reasonable and abundant liquidity” in the banking system, as well as a stable currency market, during the epidemic.

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