China Is Pumping Cash to Fill a $456 Billion Liquidity Shortfall

The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year...

By Tian Chen, Jing Zhao · Bloomberg Markets

The People’s Bank of China is boosting the supply of money available to banks to ensure they can meet the surge in demand for cash during the Lunar New Year holidays.