PBOC has drained CNY 1.112 trillion YTD in 2018 vs. CNY 65 billion net drain in 2017
|The People’s Bank of China (PBOC) issued a statement on Friday, citing that it has drained CNY 1.112 trillion via Open Market Operations (OMOs) so far this year versus a net drain of CNY 65 billion in 2017, suggesting that the Chinese central bank continues deleveraging.
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