Briefly

Jan-Aug foreign trade of Jiangsu up 11%

East China's Jiangsu province reported nearly 11 percent year-on-year increase in foreign trade in the first eight months of the year to 3.63 trillion yuan ($525 billion). Exports rose 13.6 percent year-on-year to 2.31 trillion yuan, while imports went up 5.7 percent to 1.32 trillion yuan, according to Nanjing Customs. During the period, Jiangsu's major trading partners were the European Union, the Association of Southeast Asian Nations and the United States.

RMB strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 15 pips to 6.9101 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 central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua