Briefly

RMB strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 84 pips to 6.3482 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The rate is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Dairy giant Mengniu's 2021 income up 43%

Chinese dairy giant Inner Mongolia Mengniu Dairy (Group) Co Ltd said its 2021 net profit exceeded 5 billion yuan ($787.6 million), up nearly 43 percent, on revenue of 88.1 billion yuan, up 16 percent. Mengniu is one of the preferred dairy brands of Chinese consumers.

Xinhua