Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 210 billion yuan ($29.52 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Tuesday. The move aims to keep liquidity in the banking system stable at the end of the month, the People's Bank of China said.

China-Europe railway freight volume jumps

The China-Europe Railway Express operated a total of 16,145 trains that transported nearly 1.75 million twenty-foot equivalent unit containers of goods in the first 11 months of this year, up 7 percent and 19 percent year-on-year, respectively, data from the China State Railway Group Co Ltd showed on Tuesday. The nation's railway services provider said that the total volume of goods transported during this period already exceeded the total volume recorded in the whole of 2022.

Xinhua - China Daily