People's Bank of China inject 140bn yuan through 14-day reverse repos in open market operations (OMOs) today
- And inject 10bn through 28-day reverse repos
There were reports the PBOC were gauging demand for 7-day reverse repos but no activity there
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And, an interesting item in the China press:
- China's retail sales are expected to grow about 10.3% in 2016
- According to a report from the China General Chamber of Commerce from Wang Yao, vice president of CGCC
- Growth in export, recovery in power consumption will help to stabilize the growth in consumption
(People's Daily via MNI)