Briefly

Investment in transport hits $1.2t

Governments at all levels in China invested 7.5 trillion yuan ($1.2 trillion) in all in the transportation sector during the 13th Five-Year Plan period (2016-20), driving related investment in fixed assets to more than 16 trillion yuan, according to a report from the Ministry of Finance. During the five-year period, highways received 5.69 trillion yuan in investments, railways received 1.16 trillion yuan, civil aviation 0.39 trillion yuan and water transport 0.23 trillion yuan.

Central bank injects liquidity into market

China's central bank on Wednesday conducted a total of 20 billion yuan ($3.14 billion) of reverse repos to maintain liquidity in the banking system. The amount included 10 billion yuan of seven-day reverse repos at an interest rate of 2.2 percent, and 10 billion yuan of 14-day reverse repos at an interest rate of 2.35 percent, according to the People's Bank of China.

Coal-to-oil plant at full capacity

A project converting coal into oil in Northwest China's Ningxia Hui autonomous region had produced 4.05 million tons of products this year as of Sunday, according to the developer. It marked the first time that the plant had reached its designed annual output capacity of 4 million tons since it went fully operational in 2017, said Ningxia Coal Industry Group Co Ltd, a subsidiary of State-owned China Energy. The project has entailed an investment of 55 billion yuan ($8.6 billion) since construction began in September 2013.

Xinhua