The Chinese central bank has pumped twenty-eight billion dollars ($28) in its economy after statistics showed a decline in the economy. Chinese crypto investors may find themselves in a good position if the funds seep in the crypto markets. Chinese central bank to boost the national economy The Chinese central bank, also known as the People’s Bank of China (PBoC), has pumped those funds in the national economy through loans to commercial banks across the country. Bloomberg’s report showed that the sum – nearly two hundred billion yuan – will be available to the banks for a period of twelve
