Chinese central bank expanded balance sheet in September, its total assets rising by 161.3 billion yuan from a month earlier to 36.19 trillion yuan, according to the data released by the People's Bank of China on Wednesday.
Unlike the US Federal Reserve which expands its balance sheet by purchasing financial assets such as US Treasury bonds, the PBOC's balance sheet usually expands by increasing re-lending to financial institutions, which constitutes “Claims on . . .
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