A woman pushes a trolley in a mall in Beijing. (WANG ZHAO/AFP/Getty Images)
China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy. The central bank may be worried that an expected tightening in liquidity and a series of upcoming initial public offerings could trigger a sharp rise in short-term rates, as was seen in June last year, when they surged to around 30 percent and roiled global markets. [Full Story]
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