Briefly

Expressway to better link Henan, Hubei

An expressway is being built to better link Central China's Henan and Hubei provinces to bolster the flow of personnel and other factors of production. The Jiaozuo-Tanghe Expressway, partially built by China Railway No 4 Engineering Group Co Ltd, will serve as one of Henan's 12 north-south transport arteries and a major interprovincial link. The road, construction on which began in March 2021, is expected to launch operations in early 2023. Its 100.7-kilometer Ruzhou-Fangcheng section, costing 8.7 billion yuan ($1.2 billion), made significant headway after CREC4 builders erected the first box girder on the 186-meter-long Penghe Bridge on Tuesday.

RMB strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 30 pips to 7.1638 against the US dollar on Wednesday, 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.

China Daily - Xinhua