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China's central bank said Sunday it would pump 1.2 trillion yuan ($173 bln) (Sh17.36 trillion) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth.
The People's Bank of China (PBOC) said in a statement it would launch a 1.2 trillion-yuan reverse repurchase operation on Monday to maintain "reasonable and abundant liquidity" in the banking system, as well as a stable currency market, during the epidemic.
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