BEIJING : China's central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan ($27.53 billion) to support the farm sector and small firms, amid faltering economic recovery.The world's second-biggest economy lost momentum in the second quarter following a strong pos
BEIJING : China's central bank said on Friday it will increase its relending and rediscount quotas by 200 billion yuan to support the farm sector and small firms, amid faltering economic recovery.
Friday's move will reduce financing costs, promote and expand employment and support economic recovery, according to a statement from the central bank.
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