Briefly

Courier sector shows increasing confidence

China's courier sector saw its delivery volume exceed 40 billion parcels this year on Thursday, according to the State Post Bureau. The country's courier companies hit the 40-billion-parcel mark 24 days earlier than last year, the bureau said. It has sent a positive signal that the country's consumer confidence is increasing and the economy is continuing to improve, said Lin Hu, an official with the bureau.

PBOC adds liquidity via reverse repos

China's central bank continued to inject funds into the financial system through open market operations on Friday. The People's Bank of China said it has conducted 3 billion yuan ($434.07 million) of seven-day reverse repos at an interest rate of 2 percent. The move is aimed at keeping liquidity reasonable and ample in the banking system, according to the central bank. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

6th Digital China Summit bears fruit

During the 6th Digital China Summit, 52 key digital economy projects were signed, with a total investment of 58.1 billion yuan ($8.4 billion), according to the government of East China's Fujian province. The two-day summit was held in Fuzhou, the capital of Fujian, from April 27 to 28.

Xinhua - China Daily