Briefly

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 pips to 7.122 against the US dollar on Thursday, 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.

Hainan sees robust Jan-Sept foreign trade

Hainan province posted imports and exports of goods totaling 205.95 billion yuan ($28.93 billion) in the first three quarters, a record high for the period and up 20.2 percent year-on-year, Customs statistics showed. During the period, general trade with longer industrial chains and higher added value accounted for more than 70 percent of Hainan's total foreign trade.

Xinhua - China Daily