Briefly

Smart electronics consumption pushed

China will support the consumption of new-generation high-tech electronics like smart wearable devices and AI-powered humanoid robots, said the National Development and Reform Commission, promising that efforts will be made to facilitate human-computer interaction by promoting the development of technologies like flexible displays, supercharging, AI assistants and on-device large models.

PBOC adds $42b to liquidity via rev repos

The People's Bank of China, the country's central bank, conducted 300 billion yuan ($42.12 billion) of seven-day, 1.8 percent reverse repos on Tuesday to keep liquidity stable at the end of the first half of this year.

Xinhua - China Daily