Briefly

Report: Digital workshops flourishing

China has built nearly 8,000 digital workshops and smart factories, with its industrial internet's core industry value exceeding 1.2 trillion yuan ($167 billion), according to the annual report on the innovation and development of the industrial internet, which was released by the China Academy of Industrial Internet. Currently, 31 provincial-level regions across the country have launched industrial internet development policies or action plans.

Guangdong subway to link Pearl region, GBA

South China's Guangdong province is improving its subway system to create better connectivity between the Pearl River Delta region and the Guangdong-Hong Kong-Macao Greater Bay Area. The East Ring metro links two cities in Guangdong: Guangzhou, the provincial capital, and Foshan, a key transport hub. It will connect six intercity railway lines, ushering in a seamless connection between high-speed railways and aviation. State builder China Railway No 4 Engineering Group Co Ltd is constructing a 10-kilometer section linking Guangzhou South Railway Station and Dashi Railway Station. Once operational, a subway ride from Guangzhou South Station to Baiyun International Airport will take just a half-hour to complete.

PBOC adds liquidity via reverse repos

China's central bank conducted 344 billion yuan ($47.91 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Thursday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

Xinhua - China Daily