Central Bank Injects Funds for First Time

　　China's central bank has injected new liquidity¹ into the money markets via an open market operation.

 

　　This is the first time the PBOC has done this since February.

 

　　The injection, a 17 billion yuan bond repurchase, marks the first time in 5-months the central bank has eased liquidity, rather than draining it.

 

　　The move has eased fears of another cash crunch² ahead of the end of the month, after a severe cash squeeze in June caused market panic.

 

　　For more on this latest move, we are joined on the line by Mike Bastin, Visiting Professor at China's University of International Business and Economics.

1 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。

2 crunch   

n.关键时刻；艰难局面；v.发出碎裂声

参考例句：

• If it comes to the crunch they'll support us.关键时刻他们是会支持我们的。
• People who crunch nuts at the movies can be very annoying.看电影时嘎吱作声地嚼干果的人会使人十分讨厌。