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 <p><a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> member China is pumping the Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a> into the money markets extending support to its native economy. The People’s Bank of China (PBOC) amplified support by offering commercial lenders trillions worth of Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a> as one-year loans. The development is the largest injection for medium-term policy loans ever recorded in the Communist nation. The pump in money comes after China’s growth remained fragile amid a housing market dip highlighting less demand.</p>
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: Russian Oil Exports to India Rise 2,200%, Saves Them $7 Billion</strong></p>
 <h2 class="wp-block-heading" id="h-brics-1-4-trillion-chinese-yuan-enters-the-money-markets-through-pboc">BRICS: 1.4 Trillion Chinese Yuan Enters The Money Markets Through PBOC</h2>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="768" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="chinese yuan" class="wp-image-98980 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp.webp 1136w" data-srcset-img="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 1136w" data-eio="j">
  <noscript><img decoding="async" width="1024" height="768" src="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp" alt="chinese yuan" class="wp-image-98980" srcset="https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 1024w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 300w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 768w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 380w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 550w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 800w, https://cdn.thebittimes.com/images/2023/12/15/37fd7ddf84c515fbc148758c3084afc6.webp 1136w" sizes="(max-width: 1024px) 100vw, 1024px">
  </noscript>
  <figcaption class="wp-element-caption">
   Source: MarketsInsider.com
  </figcaption>
 </figure>
 <p>PBOC offered medium-term policy loans to commercial lenders worth 1.4 trillion Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a>, which is equivalent to $112 billion. The aggressive stimulus aims to strengthen the Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a> amid an onslaught of the US dollar and the global markets.</p>
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 <p><strong>Also Read: BRICS: Analyst Predicts Biggest Economic Crash in US History</strong></p>
 <p>BRICS country China’s economy has been shaky post-COVID-19 with no recovery over the last three years. The pro-growth stance initiated by China could keep the nation’s markets up by trying to come out of the financial turmoil.</p>
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 <p>Therefore, the fiscal stimulus will strengthen the Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a> giving a boost to the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> nation’s dwindling housing market. Right after the PBOC pumped 1.4 trillion Chinese <a rel="noopener noreferrer nofollow" title="Yuan" href="https://thebittimes.com/tag/yuan.html">Yuan</a> into the money markets, the Asian stock markets reacted positively. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> member India’s Sensex Index spiked nearly 900 points and China’s Hang Seng Index rallied 3% jumping 400 points.</p>
 <p><strong>Also read: BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar</strong></p>
 <p><strong>“Lack of confidence is still the key factor hindering growth, but a lower rate will help the economy,”</strong> said Serena Zhou, economist at Mizuho Securities to Bloomberg.<strong> “I still look for 20-basis-point cuts to interest rates and 50-basis-point cuts to the RRR next year – the room for further monetary easing is relatively limited.”</strong></p>
 <p>The development suggests that BRICS countries are fully equipped to take on the global markets in 2024. The BRICS alliance is trying to enter 2024 on the front foot with large stimulus packages to boost the economy.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>Chinese Yuan</li>
  <li>Yuan</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-china-injects-record-1-4-trillion-yuan-into-money-markets-tbt73818.html">https://thebittimes.com/brics-china-injects-record-1-4-trillion-yuan-into-money-markets-tbt73818.html</a></p>

BRICS: China Injects Record 1.4 Trillion Yuan Into Money Markets

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