China's central bank is planning to inject 200 billion yuan ($32.6 billion) into the banking system with the aim of bolstering China’s economic growth and facilitating credit availability.
The People’s Bank of China (PBOC) will supply the funds to about 20 of the country’s national and regional joint stock banks.
This effort by the PBOC follows last month's move to pump 500 billion yuan into the country's five major state-owned banks.
Such a decision comes as concerns mount in Beijing that the nation will miss its GDP growth target set at 7.5% this year.
