China's Central Bank Injects $42 Billion to Support Growth Amid Economic Headwinds
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China's central bank injected 289 billion yuan, the largest cash injection since 2020, to support economic recovery and debt sales.
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The cash injection aims to boost growth, provide funding for lenders, and finance stimulus spending.
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It comes as China considers new stimulus to meet 5% annual growth target amid property downturn.
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The cash injection should ease tight liquidity and volatility in bond markets.
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It offsets demand from increased government bond supply to finance infrastructure spending.