Briefly

Postal sector maintains steady operations

China's postal and courier industry maintained stable operations during the May Day holiday, the State Post Bureau said on Thursday. From April 30 to May 4, 1.34 billion parcels were collected by the country's postal and express companies, up 2.3 percent year-on-year.

PBOC conducts reverse repos, boosts liquidity

China's central bank on Thursday conducted 10 billion yuan ($1.52 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