China Turns to Quantitative Easing Mode, Injects $92B Into Market
In a move to support its economy, China has announced a new quantitative easing (QE) policy that injects $92 billion into the market. This is the first time in over six years that China has implemented a QE policy, and is seen as a sign of the government’s commitment to support its economy.
The Chinese government announced that it will inject $92 billion into the market through a combination of open market operations, targeted lending, and re-lending. This new QE policy is seen as a way to support economic growth, as well as to help provide liquidity to the market.
The Chinese government has been trying to support the economy in recent months, with measures such as tax cuts and increased infrastructure spending. However, these measures have not been enough to offset the impact of the US-China trade war, which has weighed on the Chinese economy.
The new QE policy is seen as a way to help stimulate the economy and provide additional liquidity to the market. It is expected that the QE policy will help to increase liquidity in the market, which should help to support economic growth.
In addition to the QE policy, the Chinese government has also announced other measures to support the economy. These include increasing bank lending and reducing the amount of money banks must keep in reserve.
The Chinese government’s new QE policy is seen as a sign of its commitment to support its economy. It is expected that the policy will help to support economic growth, as well as provide additional liquidity to the market. However, it remains to be seen how effective the policy will be in helping to boost the Chinese economy.
