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BEIJING, Oct. 20 (Xinhua) -- China's central bank on Friday continued cash injections into the interbank market to ensure stable liquidity.


The People's Bank of China pumped 80 billion yuan (about 12.1 billion U.S. dollars) into the market through reverse repos, a process by which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future.


The operations included 50 billion yuan of seven-day reverse repos priced to yield 2.45 percent Authentic Keenan Allen Jersey , and 30 billion yuan of 14-day reverse repos with a yield of 2.6 percent.


The injection was offset by 20 billion yuan in maturing reverse repos, leading to a net addition of 60 billion yuan into the market.


This is the fourth straight day for the central bank to make a net cash injection via open market operations, resulting in a total net injection of 560 billion yuan into the market this week, the highest level this year.


The central bank has increasingly relied on open market operations for liquidity management, rather than cuts in the benchmark interest rates or reserve requirement ratios.


China has decided to pursue a "prudent and neutral" monetary policy in 2017 Authentic Melvin Ingram Jersey , applying a full range of policy instruments to maintain basic stability in liquidity and hold interest rates at an appropriate level.






CARACAS， Aug. 2 (Xinhua) -- Venezuela's electoral council said Monday that the opposition has gathered enough signatures to proceed with a referendum to remove President Nicolas Maduro.


The National Electoral Council confirmed that some 98 percent of nearly 400，000 signatures collected by the opposition Democratic Unity Roundtable (MUD) coalition in the initial phase were validated.


The council did not set a date for the next stage of the lengthy recall process， in which the opposition must collect 4 million signatures in just three days.


The opposition submitted 1.8 million signatures in May， calling for the president to face a recall， 1.3 million of which were accepted by the council.


Signatories then had to show up at electoral offices to validate their identity with fingerprint scans.


The threshold was 1 percent of the electorate， or about 200，000 signatures -- which the opposition has already cleared. That enables the MUD to formally request a recall vote.


Maduro， who was elected in 2013， is presiding over an acute economic crisis aggravated by deep divisions within the Venezuelan society.


The economic crisis is threatening 17 years of socialist rule under Maduro and his late predecessor， Hugo Chavez.


A recent poll found 64 percent of Venezuelans would vote to remove Maduro.


Venezuela's Constitution allows for a recall referendum on the president， but government officials said the lengthy process cannot be completed this year.


The timing is crucial and the opposition now is racing to force a referendum by Jan. 10.


If Maduro were to lose a referendum by that date， a new presidential vote would be triggered， giving the opposition a chance to end 17 years of socialism.


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