Briefly

Shanxi estimates stable coal output

North China's Shanxi province, a leading coal producer in the country, expects coal output to stand at around 1.3 billion metric tons in 2024, according to a work plan issued by the provincial government. Shanxi will focus on the safe, efficient, green and intelligent development of its coal industry in 2024, further optimize the production capacity structure, and increase the proportion of advanced production capacity, according to the plan on stable coal production and supply in the province.

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.9 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. 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.

Xinhua - China Daily