Briefly

Gansu sees foreign trade up in Q1

Northwest China's Gansu province saw foreign trade grow 21.7 percent year-on-year in the first quarter of this year, local Customs said. The province's import and export value hit 16.6 billion yuan ($2.6 billion) from January to March, said Lanzhou Customs in the provincial capital. Of the total, exports rose 51.1 percent year-on-year to 3.1 billion yuan, while imports increased 16.4 percent to 13.5 billion yuan.

Central bank conducts reverse repos

China's central bank on Friday conducted 10 billion yuan ($1.55 billion) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People's Bank of China. The move aims to keep liquidity in the banking system reasonably stable, the central bank said.

Xinhua