Briefly

More freight trains to Europe from Hunan

Hunan province launched 783 China-Europe freight trains in the first three quarters, up 84.7 percent year-on-year, local Customs said on Thursday. The freight trains, handled by Customs in the provincial capital Changsha, carried 512,000 tons of goods worth 13.9 billion yuan ($2.2 billion) in the January-September period, up 68.5 and 22.7 percent, respectively. Since the launch of the China-Europe freight train service in Changsha, the cumulative number of trains has exceeded 2,000.

Guizhou sees robust GDP growth

The gross domestic product of Guizhou province totaled nearly 1.4 trillion yuan ($219 billion) in the first three quarters, up 8.7 percent year-on-year, according to local authorities. Guizhou is a popular tourist destination and the province earned a total tourism income of over 490 billion yuan during the nine-month period.

PBOC conducts reverse repos

China's central bank on Thursday injected 100 billion yuan ($15.65 billion) into the financial system via reverse repos. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People's Bank of China. The move aims to offset the impacts of the tax season and government bond issuances, and to keep liquidity in the banking system at a reasonably sufficient level, the central bank said.

Xinhua - China Daily