Wed, 17 Sep 2014 08:12:08 GMT
China follows ECB's lead with stimulus
The People's Bank of China, China's central bank, decided to add to liquidity in midst of the dormant growth by flooding 500 billion yuan, or $81 billion into the largest banks of the country. The central bank is concerned with the timid growth, thus enacting a quantitative-easing- like policy. The money is to be divided amongst the five biggest banks,