China Injects Record $112 Billion to Bolster Yuan and Economy
- China injected a record 1.4 trillion yuan ($112 billion) into money markets to support its economy
- This is the largest injection ever for medium-term policy loans in China
- It comes as China's growth remains fragile due to lower housing demand
- The stimulus aims to strengthen the yuan amid global market turmoil
- BRICS stock markets reacted positively, with India's Sensex spiking 900 points after the injection