Briefly

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 107 pips to 7.1390 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 US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Pickup truck sales up 3% in September

Sales of pickup trucks in China rose 3 percent year-on-year in September, driven by surging market demand, said the China Passenger Car Association. Some 45,000 pickup trucks were sold in the country last month, surging 17 percent month-on-month. Exports of such vehicles accounted for 52 percent of the country's total pickup truck sales, or 27 percent of overall truck sales.

Xinhua - China Daily