PBOC promises to protect consumers as Evergrande teeters

BEIJING/HONG KONG (Reuters) - China's central bank vowed to protect consumers exposed to the housing market on Monday and injected more cash into the banking system, the clearest sign yet the authorities could move to contain contagion risks from ailing developer China Evergrande.

Once the epitome of an era of helter-skelter borrowing and building in China, Evergrande has now become the poster child of a crackdown on developers' debts that has left investors large and small sweating on their exposure.