China to inject billions into economy to avert coronavirus sell-off
Some analysts doubt the move will be enough to prevent the country’s stocks and currency falling on Monday, but it may ease a global sell-off
02 February 2020 - 23:50
Dubai — China’s central bank said Sunday it will inject up to 1.2-trillion yuan of liquidity in seeking to avert a potential sell-off from the coronavirus outbreak.
However, analysts said it would not be enough to prevent the country’s stocks and currency falling on Monday, but it may ease a global sell-off sparked by the spread of the coronavirus...
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