The Central bank of China funded 413.85 billion yuan equivalent to 60.2 billion U.S. dollar in regards to short and medium term liquidity for the month of February after falling by 35 percent in January. On the other hand, the PBOC allocated 20.35 billion yuan in the Standing Lending Facility (SLF) to the members of the local financial sector in February and 393.50 billion yuan in the medium-term lending facility (MLF).
The Central bank has decided to push through tightening of their monetary policy to lessen a massive amount of debt. Although this should be done with caution as it may affect the growth of the economy.
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