Briefly

Central bank conducts reverse repos

China's central bank on Thursday injected 100 billion yuan ($15.6 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 maintain stable liquidity in the banking system, PBOC said.

China witnesses surge in coal transportation

The volume of coal transported by trains and ships in China surged in October and November amid the country's solid efforts to ensure stable winter coal supplies, official data showed. On average, about 86,300 trains loaded with coal departed daily from Nov 1 to 15, marking an increase of around 10,000 trains, or 13.5 percent from last year, said China State Railway Group Co Ltd.

Interprovincial metro sees new progress

East China's Anhui and Jiangsu are seeing a 54.4-kilometer-long railway linking the two provinces in new progress, when the first station for its second phase was fully completed by Thursday. The Xiangguan Station for the metro and rail-transit line connecting Anhui's Chuzhou and Jiangsu's Nanjing, with 14 stations in all, is ready through the work of China Tiesiju Civil Engineering Group. The line's phase-II began construction on Dec 26, 2019.

Xinhua - China Daily