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The People's Bank of China announced last Tuesday that it would conduct a direct reverse repurchase operation worth 600 billion yuan (approximately 84.48 billion US dollars) today, Wednesday, in order to maintain ample liquidity in the banking system.
China's foreign trade rises by 6.1% in the first half of 2024
[12/07/2024 05:02]
BEIJING - SABA
China's foreign trade registered a record-high increase of 6.1% in the first half of the current year, providing stronger momentum for economic recovery.
The General Administration of Customs, in a statement published by the Chinese news agency (Xinhua) on Friday, explained that the volume of goods trade increased by 6.1% year-on-year to reach 21.17 trillion yuan (about $2.97 trillion) in the period from January to June last.
It pointed to a 6.9% increase in exports, while imports rose by 5.2%.