Briefly

PBOC adds liquidity via reverse repos

China's central bank on Monday conducted 10 billion yuan ($1.5 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.

Warehouse storage sector expands in May

China's warehouse storage sector expanded in May, according to a survey jointly released by the China Federation of Logistics and Purchasing and CMST Development Co Ltd. The index tracking the sector's development rose to 50.2, putting it back in expansionary territory, the survey showed. A reading above 50 indicates expansion, while one below 50 reflects contraction.

Xinhua - China Daily