Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.5 million) in seven-day reverse repos at an interest rate of 1.8 percent on Tuesday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement.

Retail sector seen more value centric

Pursuing enhanced value has become a new trend in China's retail sector, according to a report by NIQ, an international consumer intelligence company. Offering more attractive value at reasonable prices is becoming more important for enterprises in the industry, according to the report. However, more reasonable consumption does not mean settling for quality compromises, it added.

Xinhua - China Daily