Briefly

Central bank conducts reverse repos

China's central bank conducted 55 billion yuan ($7.5 billion) of seven-day reverse repos at an interest rate of 1.5 percent on Tuesday. The move aims to keep liquidity in the banking system at an adequate level, the central bank said.

BMW delivers over 400,000 NEVs

BMW Group had delivered over 400,000 new energy vehicles in the Chinese market by the end of 2024. During 2024, the company sold more than 714,000 BMW and MINI vehicles in China, with electric vehicle sales rising by 7.7 percent year-on-year and accounting for 15 percent of total sales. With research and development centers in Beijing, Shanghai, Shenyang and Nanjing, the German automaker boasts the largest R&D network in China outside of Germany.

Xinhua - China Daily