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Chinese economy gets $173bn boost China's central bank has...

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    Chinese economy gets $173bn boost

    China's central bank has announced that it will inject 1.2 trillion yuan ($173bn) into the economy to help deal with the outbreak of coronavirus.

    The People's Bank of China (PBOC) said in a statement it would launch a 1.2 trillion-yuan reverse repurchase operation on Monday to maintain "reasonable and abundant liquidity" in the banking system, as well as a stable currency market, during the epidemic.



 
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