China tries to absorb excess liquidity with bills issue

02/22/2008 | People's Daily (China)

China's central bank issued 102 billion yuan -- $14.3 billion -- worth of three-year and three-month bills to try to keep up with the country's fast-growing money supply. The bills were sold to commercial banks, insurance companies and other financial institutions approved by the central bank.

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People's Daily (China)

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