China has extended support to its economy by injecting the largest amount of medium-term policy loans ever, recognizing the fragility of the nation’s growth recovery amidst a housing slump and subdued demand.

The People’s Bank of China provided commercial lenders with a net 800 billion yuan ($112 billion) of one-year loans while maintaining the interest rate on the funding.

People's Bank of China offers record 800 bn Yuan to support fragile economic recovery comes via ChinaTechNews.com.