Briefly

PBOC adds liquidity via reverse repos

The central bank on Monday conducted 5 billion yuan ($740.27 million) 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.

Food industry logs steady growth in H1

The food industry saw stable expansion in terms of production and sales in the first half of the year, data from the Ministry of Industry and Information Technology showed. The value-added industrial output of the agricultural and sideline food processing sector rose 3.3 percent year-on-year in the period, while that of the food manufacturing sector climbed 4.1 percent year-on-year. The sector of alcohol, beverages and refined tea manufacturing saw its industrial added value surge 8.4 percent year-on-year.

Xinhua