Thursday, October 31, 2024
China launches new lending tool before year-end loan expiry
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China launches new lending tool before year-end loan expiry

A man looks at his smartphone as he walks past the People's Bank of China building on May 20, 2022 in Beijing.Jiang Qiming | China News Service | Getty ImagesChina's central bank launched a new lending tool on Monday to inject more liquidity into the market and support credit flow in the banking system ahead of the expiration of trillions of yuan in loans at the end of the year.The…