Briefly

Shanghai's EU garment imports up

Shanghai's imports of garments and accessories from the European Union nearly doubled to 13.47 billion yuan ($2.07 billion) in the January to July period, Shanghai Customs data showed. The figure was nearly double the export value. The city's imports of leather and fur products from the EU in the same period were worth 11.2 billion yuan, up almost 95 percent year-on-year.

7-day, 2.2% reverse repos net 50b yuan

The People's Bank of China on Thursday conducted 50 billion yuan ($7.72 billion) worth of seven-day, 2.2 percent reverse repos to maintain reasonably ample liquidity in the banking system. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Xinhua - China Daily