FILE PHOTO: A fluttering Chinese national flag casts its shadow on the headquarters of the People's Bank of China, China's central bank, in central Beijing November 24, 2014. REUTERS/Kim Kyung-HoonThe People's Bank of China said it was keeping the rate on 200 billion yuan worth of one-year medium-term lending facility loans to some financial institutions steady at 2.95per cent from previous operations.
The central bank said it injected another 10 billion yuan worth of seven-day reverse repos into the banking system on the day. With 20 billion yuan worth of reverse repos in maturity, the PBOC drained a net 10 billion yuan on Tuesday.
it's very interesting China is the largest producer of bitcoin mining equipment Then he sets strict rules for the house !!!
The People's Bank ...... save businesses
Communist China is dangerous for the whole world.He wants to be a hegemon and run the world economy.