PBOC will provide CNY200B loan support for investment – Xinhua
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Following a meeting on Tuesday, China’s State Council announced that the People’s Bank of China (PBOC) will provide more than 200 billion yuan ($28.7 billion) in special lending funds to commercial banks to boost loans to companies, Xinhua News Agency reported.
AUD/USD is capitalizing on China’s effort to revive its economic recovery, adding 0.20% on the day to trade at 0.6760, at the press time.
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