Central bank injects 10b yuan into market

China's central bank on Friday pumped cash into the banking system via reverse repos to maintain liquidity. The People's Bank of China injected 10 billion yuan ($1.44 billion) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on the website of the central bank. The move was intended to maintain reasonable and ample liquidity in the banking system, the central bank said.

Horgos sees surge in China-Europe trains

Horgos port in Northwest China's Xinjiang Uygur autonomous region that borders Kazakhstan has seen a surge in the number of China-Europe cargo trains this year. From January to July, a total of 2,240 trains carrying over 3.3 million metric tons of cargo crossed the border via the Horgos station, with the transport volume up 55.37 percent year-on-year.

Xinhua