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SEEKING ALPHA reports:
Stocks in China are primed for a steep plunge when markets in Shanghai and Shenzhen reopen tomorrow following a Lunar New Year break that was extended by the government.
The PBOC said it will inject 1.2T yuan ($173.8B) worth of liquidity via reverse repo operations amid a rapidly spreading coronavirus outbreak that has so far claimed 305 lives, all but one in China.
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Reuters: China to inject $174 billion of liquidity on February 3 as markets reopen
Bloomberg: China Promises Cash and Support to Calm Financial Markets
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