Briefly

China home to 4.1m 5G base stations

The number of 5G base stations in China now exceeds 4.1 million, data from the Ministry of Industry and Information Technology showed on Friday. Currently, 5G technologies have been applied in 80 major sectors of the national economy, and the 5G network covers more rural areas, according to the ministry. Action will be taken to promote large-scale application of 5G technologies and to boost technological research and development as well as standards formulation, the ministry said. Efforts will also be made to foster collaboration among telecom providers, application developers, and the companies across the industrial chain to build a robust 5G ecosystem.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 31 pips to 7.1848 against the US dollar on Friday, 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.

Xinhua - China Daily