Briefly

Rail freight volume hits new high in May

China's rail freight volume, a key indicator of economic activity, rose 6.6 percent year-on-year in May to reach a record, said China State Railway Group Co Ltd. A total of 340 million tons of freight was transported through China's railway network last month, up 21.1 million tons from a year ago, according to the company.

PBOC adds liquidity via reverse repos

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

Xinhua