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China considers massive $142B (1 trillion yuan) bank capital infusion

China considers massive $142B (1 trillion yuan) bank capital infusion


Cryptopolitan
2024-09-26 06:51:50

China is on the verge of injecting nearly $142.4B (1 trillion yuan) to increase its biggest state bank’s capacity to support its nose-diving economy and slow markets. Sources confirmed that Beijing planned to issue new sovereign bonds to fund the largest Chinese government bailout since the 2008 global financial crisis.


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