Briefly

PBOC reverse repos reach 10 billion yuan

On Wednesday, the People's Bank of China, the central bank, conducted 10 billion yuan ($1.55 billion) worth of seven-day reverse repos at an interest rate 2.2 percent. The proceeds will help maintain reasonably ample liquidity in the banking system. 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.

Five-day printing tech event starts in Beijing

The 10th Beijing International Printing Technology Exhibition kicked off on Wednesday. More than 1,300 printing enterprises from 16 countries and regions have been invited to the five-day exhibition. They will demonstrate their latest printing technologies, many of which would make their world or Asia debut. According to Wang Wenbin, president of the Printing and Printing Equipment Industries Association, apart from the traditional exhibition halls, this year's event includes a green and innovation theme park featuring four zones: internet-based printing, smart robots, green printing materials and volatile organic compounds treatment.

Chongqing's foreign trade soars in Jan-May

China's Chongqing Municipality saw its foreign trade reach 304.77 billion yuan ($47.23 billion) in the first five months of this year, up nearly 40 percent year-on-year, according to local Customs data. Exports surged 42.6 percent to 190.04 billion yuan, while imports reached 114.73 billion yuan, up 35.6 percent year-on-year.

Xinhua - China Daily