Briefly

PBOC conducts reverse repos

China's central bank conducted 52.1 billion yuan ($7.3 billion) of seven-day reverse repos at an interest rate of 1.7 percent on Monday. The move aims to keep liquidity reasonable and ample in the banking system, the People's Bank of China said. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.

Shanxi foreign trade up 14.7% in Jan-July

Shanxi province's total imports and exports of goods grew 14.7 percent year-on-year to 101.2 billion yuan ($14.2 billion) in the first seven months of this year, official data showed. Exports from the coal-rich province in North China grew 12.5 percent to 61.05 billion yuan from January to July, while imports rose 18.2 percent to 40.15 billion yuan, according to the Customs bureau in the province's capital city Taiyuan.

Xinhua - China Daily