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Euronews

Quirino Mealha

China injects over €45 billion into state banks and insurers as growth slows

China United States Beijing Xi Jinping Insurance Interest Rates Washington D.C. White House Xinhua

Beijing has reached for its chequebook.

The Chinese finance ministry is advancing a 360 billion yuan (€46.1bn) package to businesses, announced on Sunday through statements from the companies involved and reported by state news agency Xinhua, making it one of the larger interventions in China's financial system this year as growth slows.

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