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MNI China Daily Summary: Thursday, November 14

POLICY: China’s consumer market performed well in early November, with sales of home appliances, communication equipment and apparel from major retail enterprises up 45%, 28%, and 6% respectively, year-on-year, He Yongqian, spokesperson for the Ministry of Commerce, told reporters.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY328.2 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY309 billion after offsetting the maturity of CNY19.2 billion today, according to Wind Information.

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POLICY: China’s consumer market performed well in early November, with sales of home appliances, communication equipment and apparel from major retail enterprises up 45%, 28%, and 6% respectively, year-on-year, He Yongqian, spokesperson for the Ministry of Commerce, told reporters.

LIQUIDITY: The People's Bank of China (PBOC) conducted CNY328.2 billion via 7-day reverse repos, with the rate unchanged at 1.50%. The operation led to a net injection of CNY309 billion after offsetting the maturity of CNY19.2 billion today, according to Wind Information.

Keep reading...Show less