Beijing, Oct 10, 2024 (AFP) - China opens $71 bn 'swap facility' to boost markets

NAMPA / AFP

2024-10-10

China's central bank boosted support for markets Thursday by opening up tens of billions of dollars in liquidity for firms to buy stocks as part of a raft of measures by Beijing to kickstart the country's flagging economy. Authorities last month unveiled several stimulus policies -- from interest rate cuts to relaxing home-buying rules -- after struggling since the end of Covid restrictions to reignite growth and get business activity back on tra......

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