China’s central bank will inject CNY1.2 trillion (USD170 billion)

Summary:
I don't see how forcing newly created non-risk assets onto bank balance sheets is going to help correct a real hygiene problem...China’s central bank will inject CNY1.2 trillion (USD170 billion) in tomorrow’s open market operation, the bank said in a notice today. The move aims to provide sufficient liquidity for the financial system during the period of controlling the novel #coronavirus epidemic. pic.twitter.com/KQUUOCkd2i— Yicai Global 第一财经 (@yicaichina) February 2, 2020

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