Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 381 billion yuan ($53.65 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Monday. It also conducted 90 billion yuan of 14-day reverse repos at an interest rate of 1.95 percent. The move aims to keep liquidity reasonable and ample at the end of the year, the People's Bank of China said in a statement.

Govt procurement falls 3.9% in 2022

The scale of China's government procurement registered a decline in 2022, down 3.9 percent year-on-year, the Ministry of Finance said on Monday. Nationwide government procurement fell to about 3.5 trillion yuan ($492.96 billion) in 2022, the ministry said. The figure accounted for 9.4 percent of the national fiscal expenditure.

Xinhua - China Daily