China’s central bank, the People’s Bank of China (PBC), injected 1 trillion yuan ($141 billion) into the banking system through a medium-term lending facility . The move aims to ensure adequate liquidity, support lending, and promote stable economic growth.
Experts said the operation comes at a critical point for China’s full-year economic goals. By providing banks with medium-term funds, the PBC is encouraging financial institutions to expand lending, stabilize market expectations, and maintain investor confidence.
Alongside the MLF, the central bank also carried out reverse repo operations totaling 1.5 trillion yuan, resulting in a net liquidity addition of 600 billion yuan for November. This continues the trend of maintaining an accommodative monetary policy to support economic activity.
Meanwhile, fiscal measures such as front-loading next year’s local government debt and issuing 500 billion yuan in bonds for infrastructure and key projects are complementing monetary efforts. Analysts say this coordinated approach strengthens both investment and consumption, creating a supportive environment for sustainable growth in China’s economy.
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