Briefly

Used housing market heats up in February

China's secondhand housing market evinced signs of heating up in February amid incentive policies, a report by online marketplace 58.com and housing information platform Anjuke.com said. Average demand for preowned homes in 65 surveyed cities surged 34.7 percent month-on-month, the report said. The number of newly added secondhand homes on the platform increased 9.9 percent from a month earlier, the report showed.

Renminbi strengthens versus forex basket

The Chinese yuan strengthened against a basket of foreign currencies last week, according to the China Foreign Exchange Trade System. The CFETS yuan exchange rate composite index, which measures the yuan's strength relative to a basket of currencies, gained 1.26 points to 106.79, the CFETS said. The index compares the yuan with the value of 24 currencies.

Xinhua