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PBOC balance sheet shrank 500 billion yuan in April, money multiplier hit record high as credit expansion accelerates

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Chinese central bank's total assets shrank by 502.7 billion yuan in April from the previous month to 36 trillion yuan at the end of the month, shows the data released by the People's Bank of China (PBOC) on Monday.

The shrinking was primarily attributable to the drop in the “Claims on Other Depository Corporations”, which refers to lending to commercial banks and other financial institutions via policy tools such as Medium-Term Lending Facilities . . .

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