China's central bank makes net government bond purchase in August

BEIJING, Aug. 30 (Xinhua) -- China's central bank announced on Friday that it conducted open market government bond transactions in August, resulting in a net purchase of bonds with a face value of 100 billion yuan (about 14 billion U.S. dollars).

Analysts interpret the net bond purchase by the People's Bank of China (PBOC) as a clear signal of its intensified monetary policy efforts to support stable economic g