Logistics sector sees improved efficiency

China's logistics sector reported improvements in overall efficiency last year, an industry report showed on Thursday. The ratio of social logistics cost to GDP, a key indicator reflecting cost efficiency of the sector, was 14.1 percent in 2024, down 0.3 percentage points from the previous year and hitting a record low, according to a report issued by the China Federation of Logistics and Purchasing.

Central bank conducts reverse repos

China's central bank conducted 215 billion yuan ($29.97 billion) of 7-day reverse repos at an interest rate of 1.5 percent on Thursday. The move aims to keep liquidity in the banking system at an adequate level. 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.

Xinhua - China Daily