Briefly

Railway express freight volume up 11%

The China-Europe Railway Express operated 11,403 trains that transported nearly 1.23 million twenty-foot equivalent units of goods in the first seven months, up 12 percent and 11 percent year-on-year, respectively, said China State Railway Group Co Ltd. In July, 1,776 trains were operated, transporting 185,000 TEUs of goods, marking the third consecutive month with more than 1,700 trains being used. Since the beginning of the year, the company has continuously improved the quality and efficiency of China-Europe Railway Express services to ensure the stability and smoothness of global supply and industry chains.

Chinese yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.1458 against the US dollar on Monday, said 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 greenback is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily