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Central bank injects funds into market

The central bank injected liquidity into the money market through reverse repos on Thursday. The People's Bank of China conducted 250 billion yuan ($37 billion) of seven-day reverse repos at an interest rate of 2.55 percent, and 150 billion yuan of 28-day reverse repos at 2.85 percent. Previous reverse repos worth 20 billion yuan matured on Thursday, meaning that the net market injection came in at 380 billion yuan.

Rail freight volume grew 9.1% last year