Briefly

FAW Jiefang truck output hits 9m units

FAW Jiefang, a truck-making unit of China's leading automaker FAW Group, saw its 9 millionth vehicle roll off the production line on Tuesday, bringing the group's total vehicle output to 60 million. FAW Jiefang produced 143,300 trucks in the first half, up 4.11 percent year-on-year, and sales rose 15.4 percent to 151,800 units over the same period.

PBOC conducts reverse repos

China's central bank conducted 676 billion yuan ($94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent on Tuesday. The move aims to offset the impact of the tax season and keep liquidity reasonable and ample in the banking system, the People's Bank of China said.

Xinhua - China Daily