China injected more cash into its banking system in a sign authorities are seeking to avert a funding squeeze amid a seasonal rise in financing demand and the intensifying debt crisis at China Evergrande. The People’s Bank of China added 90bn ($14bn) of funds on a net basis through seven-day and 14-day reverse repurchase agreements yesterday, the most since February. Yesterday was the first time this month it added more than 10bn yuan short-term liquidity into the banking system on a single day. The move comes as the trouble facing China Evergrande Group fuels investor concern over the health of real estate and credit markets. Adding to the stress is a seasonal spike in demand for cash as b
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