China to pump $54bn into state banks and insurers to boost economy

Image: The Guardian
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- Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth. A host of financial institutions said…
- It comes as Beijing is aiming to reshape its economy in the face of a number of challenges.
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