Why China Just Injected $83 Billion into Its Economy

January 16, 2019

Via: Fortune

China’s central bank on Wednesday offered financial institutions $83 billion in liquidity as part of a wider economic stimulus.

The move sets a record for a single day.

On Tuesday, several Chinese government institutions told investors they would be spending more and providing policy support to sustain the economy. Measures included certain tax cuts. Those reassurances followed Monday’s news that China’s international trade was down amidst its trade war with the U.S.

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