Newsclip®: [Business] PBOC drains 20 bln yuan from market - Xinhua |

"BEIJING,May 17(Xinhua)--China's central bank on Tuesday allowed 20 billion yuan(3 billion U. The People's Bank of China(PBOC)put 50 billion yuan into seven-day reverse repos,a process by which central banks purchase securities from banks with an agreement to sell them back in the future e.",

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