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China pumps $14bn in cash into market amid Evergrande crisis – Aljazeera.com

The People’s Bank of China added 90 billion yuan of funds on a net basis as the Evergrande debt crisis intensifies.

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China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande.
The Peoples Bank of China added 90 billion yuan…

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