Briefly

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.57 million) in seven-day reverse repos at an interest rate of 1.8 percent on Monday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said in a statement. A reverse repo is a process by which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

China's bicycle exports expand in Q1

China's bicycle exports expanded in the first quarter, continuing the recovery momentum since the second half of 2023, said the China Bicycle Association. In the first quarter, the country's bicycle exports reached nearly 11 million units, an increase of 13.7 percent compared to the fourth quarter of last year.

Xinhua - China Daily