Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters

China’s central bank just moved one step closer to flinging open the floodgates of stimulus

  • This will allow holders to swap commercial bank perpetual debt for central bank bills
  • A PBOC statement said this will “increase the financing support for the real economy”
Topic |   China economy

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Headquarters of the People's Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. Photo: Reuters
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