Briefly

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 361 pips to 7.1191 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. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Lenovo tech summit unveils AI innovations

Lenovo opened its annual tech summit in Seattle, the United States, on Tuesday, featuring the latest innovations and solutions in artificial intelligence. Lenovo Chairman and CEO Yang Yuanqing introduced the company's latest products and strategies in pursuit of "Smarter AI for all" at the summit, titled "Lenovo Tech World 24". The company unveiled a range of new hardware and software solutions designed to help customers more rapidly achieve outcomes from AI.

Xinhua - China Daily