Wait, is this for real, another week later and China injects another $22 BILLION. Deja VU??

[S2007S]

I just posted last week that China injected money into their falling economy and another week later they are at it again propping it up with another round of billions....I don't know if anyone here knows or remembers but back in 2008 during the financial crisis, china poured $666 BILLION dollars into their economy to stimulate it, all they did was build more ghost cities and ghost malls.....All these central banks are just pumping up their failing worthless economies with more stimulus, thats NOT how economics 101 works....but what do they care, they think by pouring trillions into the system that it actually creates growth, HAHAHAHAHAHAHAHAHAHA ....HAHAHAHAHAHAHAHAHAHAHAHA

China's PBOC injects another $22B into economy
9 Hours AgoReuters
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Bloomberg | Getty Images
China's central bank injected 140 billion yuan ($21.96 billion) into banks through its short-term lending operations (SLO) tool on Monday, according to a statement published on the central bank website.

The interest rate on the 6-day day lines of credit will be 2.35 percent, the same as last Friday's SLO, the bank said.

Last week the central bank injected a total of 280 billion yuan ($43.92 billion) through two separate SLOs.

The People's Bank of China launched SLOs in 2013 to supplement its other monetary policy tools. The facility is mainly used to provide one- to three-day direct lines of credit to commercial banks, though loans with other maturities are occasionally used.

 

[i960]

They said they weren't going to prop up the markets yesterday and then proceeded to prop up the markets.

 

[S2007S]

They said they weren't going to prop up the markets yesterday and then proceeded to prop up the markets.

I noticed that as well, I think it was last week they said they were done taking any further measures to prop up their market and here they are again doing the same thing they said they weren't going to do....

 

[Visaria]

The $22 billion is not to prop up markets..it's being used to provide some liquidity for banks which have probably taken some hits from the stock market volatility.