Briefly

Road logistics price index up in May

China's road logistics price index went up in May as demand for road freight transport expanded in April and May, according to a survey jointly conducted by the China Federation of Logistics and Purchasing and Guangdong Lin'an Logistics Group. The index came in at 103 last month, up 0.39 percent from the same period of 2023.

PBOC adds liquidity via reverse repos

China's central bank conducted 2 billion yuan ($281.31 million) of seven-day reverse repos at an interest rate of 1.8 percent on Wednesday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said.

Xinhua - China Daily