China pours trillions of yuan into money markets – and the US?

China, a key member of the BRICS alliance, has unleashed a colossal financial stimulus into its money markets. The People’s Bank of China (PBOC), in an unprecedented move, is infusing commercial lenders with a staggering 1.4 trillion Chinese Yuan, equivalent to $112 billion. This financial jolt, the largest in the Communist nation’s history for medium-term […] source: https://www.cryptopolitan.com/china-trillions-of-yuan-into-money-markets/