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China Injects Record Funds to Counter Tax, Holiday Cash Demand

  • PBOC pumps in net 560 billion yuan via open-market operations
  • Today is peak of tax payments, Citic Securities says
Shoppers and Decorations Ahead of Chinese New Year
Photographer: Qilai Shen/Bloomberg
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Bloomberg News
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China’s central bank boosted injections via open-market operations to the most on record to meet seasonal demand for cash due to tax payments and major holidays.