Central bank injects $34b into market

China's central bank pumped cash into the financial system via reverse repos on Thursday to maintain liquidity in the market. The People's Bank of China injected 240 billion yuan ($33.67 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank. The move aims to offset the impact of factors like government bond issuance and final settlement of corporate income tax, and maintain liquidity in the banking system at a reasonably sufficient level, the statement said.

Tianjin's trade with B&R economies rises

The northern Chinese port city of Tianjin witnessed a 4.7-percent year-on-year growth in trade with Belt and Road economies from January to April. Trade volume between Tianjin and B&R economies reached 54.9 billion yuan ($7.7 billion) during the period, accounting for 25.6 percent of the city's total foreign trade, the Tianjin Customs said. The city's exports to B&R economies totaled 30.4 billion yuan in the first four months, while imports totaled 24.6 billion yuan during the period.

Full 5G coverage at Shenzhen airport

With the last outdoor base station installed, Shenzhen Bao'an International Airport has embraced the full coverage of the 5G network, three months ahead of schedule, the airport said. Since this year, the airport has accelerated the construction of a 5G network by building 41 outdoor base stations, with signals that can cover all places including terminals, the flight area and the freight transport area.

Xinhua