Briefly

China to hike prices of gasoline, diesel

China will raise the retail prices of gasoline and diesel from Tuesday based on recent changes in international oil prices, the country's top economic regulator said on Monday. Gasoline and diesel prices will increase by 185 yuan ($25.97) and 175 yuan per metric ton, respectively, according to the National Development and Reform Commission.

Reverse repos add 10b yuan to liquidity

The People's Bank of China, the country's central bank, on Monday conducted 10 billion yuan ($1.4 billion) of seven-day, 2 percent reverse repos to maintain stable liquidity in the banking system.

7,000th rail-sea intermodal train trip

A cargo train carrying containers of goods, including paper pulp, quartz sand and ceramics, arrived in Southwest China's Chongqing municipality on Saturday, marking the completion of the 7,000th rail-sea intermodal train trip running along the New International Land-Sea Trade Corridor this year. Launched in 2017, the New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by provincial-level regions in western China and ASEAN members.

CDB raises loans for clean energy

The China Development Bank has boosted its financial support for energy development in the first three quarters. The policy bank issued 406.9 billion yuan ($57.2 billion) in loans to the energy sector between January and September to support clean energy development, energy supply security and clean and efficient coal use. Among them, 248 billion yuan worth of clean energy loans were extended, strongly supporting green and low-carbon energy transition.

Xinhua - China Daily