Briefly

Nation to expand mobile IoT ecosystem

The Ministry of Industry and Information Technology unveiled a plan on Wednesday to push the development of the mobile internet of things, with the aim of boosting the sector's supply, innovation capabilities and industrial value. According to the plan, China will work to further improve its mobile IoT ecosystem, with the number of mobile IoT terminal connections expected to exceed 3.6 billion by 2027.

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 32 pips to 7.1214 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.

Xinhua - China Daily