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The rapid decline of the use of bill....>

CHINA PRESS
CHINA PRESS: The rapid decline of the use of bill financing and undiscounted
bankers' acceptance was caused by the Chinese New Year, when companies had less
settlement demand and working days, the PBOC said in a statement on its website
on Monday. A more accurate reading needs to combine data for the first two
months, during which the balance of bill financing added CNY685.5 billion, and
undiscounted bankers' acceptance increased by CNY68.3 billion, lending more
support to the economy, the central bank said.

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