China Injects Record Cash to Support Economic Growth Amid Slowdown

China injected a record amount of cash into its financial system to keep rates low and support economic growth.

The cash injection is intended to ensure sufficient funding for government bonds, bank loans, and upcoming tax payments.

It's part of China's efforts to stimulate its economy amid slowing growth, including rate cuts and other liquidity injections.

The cash may help steady China's bond market and ease liquidity concerns in the banking system.

Economists say more policy easing is likely but interest rate cuts are less probable given yuan weakness.