China Floods Cash Into Banks to Support Stimulus Funding

The People’s Bank of China injected a record 1.45 trillion yuan ($200 billion) into its struggling economy while keeping loan rates at 2.5%. This drastic measure aims to revive economic growth and stabilize the property market, amidst efforts to prevent the yuan’s depreciation. The move, the largest in seven years, reflects China’s challenging economic outlook, despite previous stimulus efforts.