Briefly

Chongqing, Chengdu key ports on trade route

Chongqing and Sichuan province's Chengdu together handled over 5,300 China-Europe Railway Express trips in 2023, said Yuxinou (Chongqing) Logistics Co Ltd. More than 430,000 twenty-foot equivalent units of cargo were transported via China-Europe freight trains to and from these two cities last year.

PBOC adds liquidity via reverse repos

China's central bank conducted 466 billion yuan ($65.6 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. The operation led to a net injection of 366 billion yuan into the market.

Xinhua