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REPORT: China's Central Bank Unleashes Stimulus

Sam RoOct 17, 2014, 17:52 IST

China's central bank has made a move to stimulate the slowing economy.

"China's central bank to inject up to 200 billion yuan into about 20 joint-stock Chinese banks," tweeted the Wall Street Journal.

This report comes amid data reflecting slowing growth and falling prices.

"In view of strong growth headwinds, the PBOC is likely to maintain the loosening bias in monetary policy," Morgan Stanley analysts wrote earlier this week.

More to come...