EconomyChina to inject $54bn into state banks and insurers to boost economy
China’s finance ministry is leading a 360bn-yuan injection into eight state-owned banks and insurers to shore up the financial system and support growth. The move is intended to strengthen their operations, resilience and lending to the real economy as Beijing faces weak domestic demand, a property slump, trade and technology tensions, and an ageing population.
China to inject $54bn into state banks and insurers to boost economy
Economy