China Prints TRILLIONS to Save Failing Economy!
July 29th, 2014
PBOC Wades Into Fiscal Waters as China Boosts Stimulus
The U.S. had a total debt-to-GDP ratio of about 260 per cent by the end of last year, while the U.K.’s ratio was at 277 per cent. Japan topped the world table at 415 per cent
relaxation of purchase restrictions, lower down payment requirements and easier access to local bank mortgages.
Previously, the PBOC mainly relied on the adjustment of the reserve requirement ratio, re-lending, central bank bills and open market operations to adjust the money supply.
“Now, with the introduction of PSL, the central bank will tend not to cut the reserve requirement ratio. Instead, it will be able to increase money supply by using this new tool
China’s central bank has provided 1 trillion yuan ($171 billion) to China Development Bank (CDB) for re-lending to the reconstruction of shanty towns