The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters
The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters

Coronavirus: China joins US, Europe in moves to calm markets as economic anxiety grows

  • The People’s Bank of China that it would pump 550 billion yuan (US$78 billion) into its banking system to spur additional lending to factories and households
  • European and US stock markets rebounded as Beijing signalled willingness to head off risk of global recession

Topic |   Coronavirus pandemic
The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters
The People’s Bank of China said on Friday it pump an extra US$78 billion into the banking system. Photo: Reuters
READ FULL ARTICLE