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The People's Bank of China initiated reverse repurchase agreements on Tuesday via open tendering to ease liquidity through banks. Analyst expected the central bank to continue the operation to ease the cash crunch.

BEIJING, Oct. 9 (Xinhua) -- Chinese stocks rebounded sharply on Tuesday following a reverse repurchase operation worth 265 billion yuan (41.77 billion U.S. dollars) carried out by China's central bank.

YICHANG, July 1 (Xinhua) -- The Hanyi Railway, a section of a major high-speed rail corridor between the eastern metropolis of Shanghai and southwest China's city of Chengdu, opened on Sunday.

Confronted with a global financial crisis, heads of states and governments of the G20 members met for the first time in Washington in November 2008 to work out an action plan to prevent the financial system and the global economy from collapsing.

XICHANG, Sichuan, Sept. 19 (Xinhua) -- China successfully launched another two satellites into space for its indigenous global navigation and positioning network at 3:10 a.m. Beijing Time Wednesday, the launch center said.