Briefly

BYD revenue, net profit up in Jan-Sept

Chinese automaker BYD registered higher revenue and net profit for both the first nine months and the third quarter of this year, the company said. The Shenzhen-based company's revenue for the January-September period was 502.25 billion yuan ($70.35 billion), up 18.9 percent year-on-year. Its net profit during the period increased 18.1 percent year-on-year to 25.24 billion yuan. In the third quarter, BYD's revenue rose by about 24 percent, while its net profit climbed 11.5 percent, the company said in its quarterly report.

Renminbi strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 140 pips to 7.1250 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