Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 10 billion yuan ($1.41 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Friday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Trade value hits 4.23 trillion yuan in Jan

China's international trade in goods and services totaled 4.23 trillion yuan ($596.09 billion) in January, up 23 percent year-on-year, official data showed. Exports of goods came in at 2.02 trillion yuan and imports touched 1.6 trillion yuan, resulting in a surplus of 413 billion yuan, the State Administration of Foreign Exchange said.

Xinhua - China Daily