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China central bank to set up $70 billion tech re-lending programme

China central bank to set up  billion tech re-lending programme


China’s policymakers look to boost liquidity and increase confidence in the world’s second-biggest economy amid headwinds from a property crisis and frictions with major trading partners.

The one-year loans can be extended twice, for up to a year each time, the statement said. (Image credit: Reuters)





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