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 Tuesday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

China raises gasoline, diesel retail prices

China raised retail prices of gasoline and diesel on Tuesday, based on recent changes in international oil prices. Gasoline and diesel prices will increase by 125 yuan ($17.6) and 120 yuan per metric ton, respectively, the National Development and Reform Commission said in a statement. Under China's current pricing mechanism, prices of refined oil products are adjusted following changes in international crude oil prices.

Xinhua - China Daily