Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 137 billion yuan ($19.36 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 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.

China starts 5th national economic census

China on Monday formally started its fifth national economic census. Some 2.1 million enumerators will go into businesses and communities to collect and register economic data in 1.16 million census areas over the next four months or so, said the National Bureau of Statistics. China's national economic census takes place every five years. The NBS carried out its preliminary work in the second half of last year, and the census is entering the stage of full implementation in 2024.

Xinhua - China Daily