SHANGHAI -- China has withdrawn 320 billion yuan ($49.5 billion) from financial markets in about two weeks, as authorities focus on removing excess liquidity to tame the surge in property and asset prices.
Markets
China drains liquidity from markets ahead of Lunar New Year
Unusual step designed to keep stocks and real estate from overheating
China usually pumps liquidity into the markets ahead of Lunar New Year, a peak time for travel in the country. © Reuters
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