Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 262 billion yuan ($36.85 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.

Key gasfield output exceeds 40 bcm

This year's output so far of natural gas of Petrochina Southwest Oil &Gasfield Co in Sichuan province exceeded 40 billion cubic meters on Thursday, thus establishing itself as a large natural gas production area in Southwest China. The quantity of natural gas accounts for about 20 percent and 11 percent of China's total natural gas production and consumption in 2023, respectively.

Xinhua - China Daily