Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 10 billion yuan ($1.41 billion) in seven-day reverse repos at an interest rate of 1.8 percent on Monday. The move aims to keep liquidity in the banking system reasonable and ample, the People's Bank of China said in a statement.

Installed capacity of power batteries grows

China's installed capacity of power batteries rose in the first two months, said the China Automotive Battery Innovation Alliance. During the period, installed capacity of the batteries stood at 50.3 gigawatt-hours, up 32 percent year-on-year. Exports of power batteries came in at 16.3 GWh during the January-February period, down 1.9 percent year-on-year.

Xinhua - China Daily