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People's Bank of China boosts liquidity with open market operations The People's Bank of China, China's central, conducted an open market operation that injected 270

People's Bank of China boosts liquidity with open market operations The People's Bank of China, China's central, conducted an open market operation that injected 270 billion yuan into China's banking system. Source: www.chinadaily.com.cn and finance.yahoo.com, October 8, 2018. In the open market operation described in the news clip, explain whether the People's Bank of China buys or sells securities

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