Briefly

PBOC injects liquidity via reverse repos

China's central bank on Friday conducted a total of 2 billion yuan ($278 million) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2 percent, according to the People's Bank of China. The move aims to keep stable liquidity in the banking system, the central bank said.

Power use up 4% in first nine months

China's electricity consumption, a key barometer of economic activity, maintained stable growth in the first nine months of the year, official data showed. Power use increased 4 percent year-on-year to hit 6.49 trillion kilowatt-hours in the January-September period, according to the National Energy Administration.

Xinhua - China Daily