PBOC, foreign exchange regulator roll out measures to support Covid-hit businesses

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The People's Bank of China (PBOC) on Monday rolled out a series of measures including the use relending programs to support individuals and businesses hit by the epidemic as the economy faces headwinds from Covid lockdowns in multiple cities.

The PBOC announced 23 measures to "support market entities hit hard by the epidemic, smooth circulation of the national economy and to promote exports and foreign trades," according to a joint notice released by the . . .

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