1. The People's Bank of China (PBOC), the central bank, said on Monday that it injected 105.5 billion yuan liquidity into 11 financial institutions via mid-term lending facility (MLF) in October. The PBOC also said that it made 70.537 billion yuan worth of pledged supplementary lending (PSL) to China Development Bank, Agricultural Development Bank of China, and Export-Import Bank of China in October.
2. China unveiled a rural reform plan on Monday, underscoring the importance of developing modern agriculture and raising farmers' income. The outline, released by the State Council, China's cabinet, said that by 2020 the agricultural management and rural collective property rights systems will both be improved, and reforms to the rural land system will be rolled out as pilot programs.
3. China made aviation history Monday, when its first domestically-produced large passenger aircraft was unveiled in Shanghai. The C919 plane was developed by the Commercial Aircraft Corp. of China (COMAC). When it is cleared for commercial use, it is expected to compete with the updated Airbus 320 and Boeing's new-generation 737.
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