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PBOC fund infusion bolsters liquidity

China's central bank injected funds into the monetary market on Thursday to maintain ample liquidity in the banking system. The People's Bank of China (PBOC) conducted 80 billion yuan ($11.96 billion) of seven-day reverse repos at an interest rate of 2.55 percent. The move was aimed at offsetting the impact of factors such as peak tax period and keeping liquidity in the banking system at a reasonable and sufficient level, a central bank statement said.

Chongqing foreign trade up 21.9% in Q1