Economics
China Seen Draining Funds From Bank System in Surprise Move
- Central bank provided no statement on operation by usual time
- Lenders under liquidity pressure to buy debt, fund other needs
A man rides a bicycle past the People's Bank of China headquarters in Beijing.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
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China was seen to drain liquidity from the banking system even as lenders come under pressure to handle higher demand for funds.