Briefly

Renminbi weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 64 pips to 7.1991 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.

More road trials for intelligent vehicles

China will speed up piloting market access for intelligent connected vehicles and permitting them on roads. The country will promote the demonstration and application of autonomous driving and driverless vehicles in key areas, including the Yangtze River Delta region, according to an action plan jointly released by the Ministry of Transport and the National Development and Reform Commission. The plan, which outlines measures to improve transport efficiency and lower logistics costs, says the country will accelerate the construction of smart highways, waterways, ports and hubs, and promote the digital transformation and upgrading of transport infrastructure.

Xinhua - China Daily