World Economy

China’s Deep Concerns

China’s Deep ConcernsChina’s Deep Concerns

China’s central bank joined its European counterpart (ECB) in boosting liquidity to address weakening growth, underscoring a divergence in direction among the world’s biggest economies as the US reduces stimulus. The People’s Bank of China is injecting 500 billion yuan ($81 billion) into the nation’s largest banks, signaling the deepest concern yet with an economic slowdown, Bloomberg reported.