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)