NBS senior statistician Zhao Qinghe said that with China's control of the Covid-19 outbreak, consumer demand returned and "the service industry accelerated its recovery".
So far, the NBS has not had the need to use funds from the ECB's repo line, and we do not expect to use them...
Albania, Bulgaria, Croatia and Romania also secured access to euro liquidity last year via repo or swap lines with the ECB in the wake of the pandemic.
Hebei province, accounting for a quarter of China's total capacity, produced 229 million tonnes of crude steel in the first 11 months of last year, defying the target it set in 2018 to keep capacity within 200 million tonnes by end-2020.