Briefly

Logistics sector up 5.9% in Jan-Feb

China's logistics sector expanded in the first two months of the year, an industry report showed. From January to February, social logistics rose 5.9 percent year-on-year to 55.4 trillion yuan ($7.81 trillion) at comparable prices, according to the China Federation of Logistics and Purchasing. The growth rate was 3 percentage points higher than during the same period last year.

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.94 million) of 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.

Xinhua - China Daily