Thursday , 26 November 2020

More cash and more trips in Chinese Lunar New Year (video)

As Chinese New Year is getting close, China’s central bank has provided provisional liquidity support for several big commercial banks in order to meet the rising cash demand. The operation will last for 28 days, and interest rates will be generally the same as similar open market liquidity facilities. According to the National Tourism Bureau, the coming Spring Festival is expected to trigger a tourism boom of over 340 million trips during the week-long holiday, with a year-on-year increase of 13.6 percent.


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