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Liquidity infusion to ease crunch for cash

The People's Bank of China, the central bank, injected liquidity into the money market through reverse repos on Tuesday to offset the impact of a tax payment peak this month. The PBOC conducted 80 billion yuan ($11.84 billion) of seven-day reverse repos at an interest rate of 2.55 percent and 100 billion yuan of 28-day reverse repos at 2.85 percent.

Auto sales fall by 2.76% on yearly basis