China central bank to set up $70 billion tech re-lending programme
China's policymakers look to boost liquidity and increase confidence in the world's second-biggest economy amid headwinds from a property crisis and frictions with major trading partners.
![China central bank to set up $70 billion tech re-lending programme](https://cdn.zeebiz.com/sites/default/files/2024/04/07/286907-screenshot-2024-04-07-142644.png?im=FitAndFill=(1200,900))
The one-year loans can be extended twice, for up to a year each time, the statement said. (Image credit: Reuters)