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Heavy rainfall hits Tianjin

A staff member checks the water situation of Qingjinghuang drainage canal in Xiaowangzhuang Town in the Binhai New Area of north China’s Tianjin, Aug. 26, 2024. Tianjin Municipality upgraded its rainstorm alert on Monday morning after experiencing the heaviest rainfall…

China’s central bank conducts reverse repos Friday

BEIJING, Aug. 23 (Xinhua) — China’s central bank conducted 379.3 billion yuan (53.15 billion U.S. dollars) of seven-day reverse repos at an interest rate of 1.7 percent Friday. The move aims to keep liquidity reasonable and ample in the banking…

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