Briefly

Region sees foreign trade growth in Jan-Feb

The Beijing-Tianjin-Hebei region saw its foreign trade increase by 6 percent year-on-year to 783.15 billion yuan ($114.02 billion) in the first two months of 2023, said Customs of Shijiazhuang, capital city of North China's Hebei province. The region's exports amounted to 209.37 billion yuan, an increase of 13.1 percent, and its imports reached about 573.78 billion yuan, an increase of 3.7 percent year-on-year.

Yuan strengthens to 6.8717 against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 169 pips to 6.8717 against the US dollar on Friday, 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.

Xinhua - China Daily