Briefly

PBOC adds liquidity via reverse repos

The People's Bank of China conducted 2 billion yuan ($280.49 million) of seven-day reverse repos at an interest rate of 1.8 percent on Thursday. The move aims to keep liquidity reasonable and ample in the banking system.

McDonald's invests in Xiaogan, Hubei

US fast food chain McDonald's has teamed up with four bakeries and food suppliers, including Bimbo and Tyson Foods, to jointly launch a food supply base in Central China's Hubei province. The smart industrial park in Hubei's Xiaogan, put into operation on Wednesday, is expected to produce nearly 300 million loaves of bread, 30,000 tons of meat products, 30 million pastries and 2 billion packaging products annually.

Xinhua - China Daily