Briefly

Largest LNG storage tank operational

China's largest liquefied natural gas storage tank, with a storage capacity of 270,000 cubic meters, was put into operation at Sinopec Qingdao LNG Receiving Terminal on Thursday, said its operator China Petroleum &Chemical Corp, also known as Sinopec. The tank has an additional gas storage capacity of 165 million cubic meters, which can meet the gas demand of 2.16 million households for five months during the heating season, to ensure sufficient gas supply in the country.

Humanoid robot work prioritized

China aims to build an innovation system for humanoid robots by 2025, with breakthroughs made in a number of key technologies such as the "brain, cerebellum and limbs" to ensure the safe and effective supply of core components, the Ministry of Industry and Information Technology said in a guideline on Thursday. In the development of the robots, it aims to cultivate two or three globally influential ecological enterprises, and create two to three industrial development clusters by 2025.

PBOC adds liquidity via reverse repos

China's central bank conducted 194 billion yuan ($27.02 billion) in 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. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Xinhua - China Daily