Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 474 billion yuan ($66.04 billion) in seven-day reverse repos at an interest rate of 1.8 percent on Wednesday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

Nonferrous metal production expands

China's production of nonferrous metals maintained steady growth in the first nine months, the Ministry of Industry and Information Technology said. China's output of 10 kinds of nonferrous metals was 55.02 million metric tons during the period, up 6.8 percent year-on-year. The added value of the nonferrous metals industry rose 6.2 percent, 2.2 percentage points higher than the average overall industrial growth rate.

Road logistics price index edges down

China's road logistics price index dipped in the week from Oct 30 to Nov 3, industry data showed. The index came in at 1,037.52 points over the period, edging down 0.03 percent from the previous week, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and the Guangdong Lin'an Logistics Group. The sub-index for full truckload logistics prices, which mainly measures bulk commodities and regional transportation, went down 0.04 percent week-on-week to 1,038.71 points. Road logistics demand saw slower growth in the period, while supply was generally stable, according to the survey.

Xinhua - China Daily