The central bank in energy-hungry China injected funds into the economy Friday in an effort to offset risk and protect against bubbles. The official Xinhua News Agency reported Friday the People’s Bank of China injected about $75.6 billion into the financial network through its medium-term lending facility, which holds an annual interest rate of 3.2 percent. “The [bank’s] open market operations are closely watched by the market, as they have become major tools for the central bank in pursuing its monetary policy,” Xinhua reported. “Such a policy stance is crucial for China as it has to juggle the task of financial deleveraging, aimed at defusing risk and curbing asset bubbles, while shoring up the economy.” The Chinese economy is slowing down, […]