PBOC injects liquidity via multiple tools

The People's Bank of China, the country's central bank, injected liquidity into the market using multiple tools in February. Last month, the PBOC injected 600 billion yuan ($86.85 billion) into the market through its medium-term lending facility and withdrew 300 billion yuan, resulting in a net injection of 300 billion yuan.

Intelligent era for train operations

The Chinese railway system is entering an intelligent era in receiving and dispatching trains. At Daxin Station under Shuozhou Train Operation Section in Shanxi province, a train operation-status monitoring and recognition system was first applied. Using high-precision cameras to scan running trains, it can generate four complete images of each train's left and right body, as well as running gear. Deep learning technology can automatically identify 15 types of safety risks, including key hazards. The system can operate stably even in extreme temperatures and harsh weather. It supports a speed range of 5-200 kilometers per hour and achieves a warning response within 30 seconds.