Briefly

Service outsourcing industry expands

China's service outsourcing industry saw robust expansion in the first four months of the year, the Ministry of Commerce said on Tuesday. Chinese firms inked services outsourcing contracts worth nearly 781.43 billion yuan ($110 billion) during the period, up 14.4 percent year-on-year.

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.42 million) of 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.

Xinhua - China Daily