The Chinese central bank has pumped nearly $30 billion into the economy after recent data showed a slowdown. Chinese crypto investors may get another lucky break if the funds overflow into the sector. Funds Flow In to Heal Slowing Economy People’s Bank of China injected $28 billion through loans to commercial banks, reported Bloomberg. The sum, equivalent to $200 billion yuan, will be available for a year-long term. The central bank accelerated the new cashRead MoreThe post China Pumps $28 Billion into Economy, Crypto Waits For Boost appeared first on Bitcoinist.com.
