China’s central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world’s second-largest economy from the impact of punitive US tariffs. The People’s Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility on Friday to maintain ample liquidity in the banking system, it said in a statement on Thursday. This will result in a net cash injection of 500 billion yuan via this tool in April, the largest since December 2023, according to Bloomberg calculations.