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Banking

World news about “Banking” published by euronews.

17/09 14:37 CET

China ‘to pump billions into big banks’ to counter economic weakness

China ‘to pump billions into big banks’ to counter economic weakness

As China's economy slows the government has reportedly made available 100 billion yuan for each of the country's top five banks. That is a total of almost 62.8 billion euros ($81.35 billion) of stimulus money in the form of three-month loans. There has been no official…