China boosts liquidity to offset cash demand for tax payments
Measures included certain tax cuts. The change of approach is being driven largely by China's debt load, which makes funding a splurge on bridges and railways risky for financial stability. December's "abysmal" trade data and manufacturing contraction have "translated to a consensus by authorities that the economy needs more decided support and today's large injection reflects that", said Trinh Nguyen, senior economist for emerging Asia at Natixis in Hong Kong. Consulte Mais Informação