Briefly

Container handling hits record in Tianjin

North China's Tianjin Port handled over 5.41 million twenty-foot equivalent units (TEUs) of containers in the first quarter of this year, up 7.2 percent year-on-year, setting a record, the port authorities said. The port saw its cargo throughput reach 118 million metric tons in the first three months, up 3.2 percent year-on-year, according to the Tianjin Port Group.

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.0956 against the US dollar on Tuesday, 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