Central bank injects liquidity into market

China's central bank on Friday pumped cash into the banking system via reverse repos to maintain liquidity. The People's Bank of China injected 150 billion yuan ($21.7 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent, and 50 billion yuan through 14-day reverse repos at an interest rate of 2.35 percent, according to a statement on the website of the central bank. A total of 150 billion yuan of reverse repos matured Friday.

Hebei's January-July foreign trade up 6.3%

Foreign trade in North China's Hebei province rose by 6.3 percent year-on-year to more than 231 billion yuan ($33.4 billion) in the first seven months, Customs statistics showed. Exports totaled nearly 131.9 billion yuan, up by 1 percent year-on-year. Imports totaled about 99.2 billion yuan, up by 14.3 percent, according to Shijiazhuang Customs. From January to July, Hebei's general foreign trade reached almost 200.6 billion yuan, up 5.8 percent year-on-year and accounting for 86.8 percent of the total import and export value. Exports of electronic components, agricultural products, pharmaceutical materials and medicines maintained fast growth rates from January to July.

Xinhua