Reverse repos reach 30 billion yuan

China's central bank on Tuesday conducted 30 billion yuan ($4.65 billion) worth of reverse repos to maintain stable liquidity at the end of the first half of the year. The interest rate for the seven-day reverse repos was set at 2.2 percent, according to the People's Bank of China.

China raises prices of gasoline, diesel

China raised retail prices of gasoline and diesel on Tuesday. The price of gasoline went up by 225 yuan ($34.8) per metric ton, while that of diesel rose by 215 yuan, according to the National Development and Reform Commission. Under the current pricing mechanism, if international crude oil prices change by more than 50 yuan per ton and remain at that level for 10 working days, the prices of refined oil products such as gasoline and diesel in China will be adjusted accordingly.

Xinhua - China Daily