Briefly

China-Europe freight train trips rise 3%

The number of trips handled by China-Europe freight trains saw a steady rise in April with smooth and stable operations. The number of China-Europe freight train trips rose 3 percent month-on-month to 1,170, according to the National Development and Reform Commission. It is the 24th consecutive month for the figure to top 1,000 since the COVID-19 outbreak.

PBOC adds liquidity via reverse repos

China's central bank on Tuesday conducted 10 billion yuan ($1.47 billion) in 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