Economics
China Adds $58 Billion Into Banking System as Holiday Nears
- PBOC keeps interest rate on medium-term loans unchanged
- Analysts estimate 3.8 trillion yuan liquidity gap in January
The People's Bank of China headquarters in Beijing, China.
Photographer: Giulia Marchi/BloombergThis article is for subscribers only.
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China added liquidity to the financial system Wednesday, helping to offset a cash squeeze ahead of the Lunar New Year holiday. It kept interest rates on the loans unchanged.