Briefly

Distribution integration center sees progress

The country's first warehouse and distribution integration center, used for both daily and emergency operations, has finished construction on the first single high-rise in eastern Hangzhou, capital of Zhejiang province. The center, built by State-owned China Railway No 4 Engineering Group Co Ltd, is one of Zhejiang's major construction undertakings, covering an area of 119,400 square meters. Consisting of 14 single structures, roads and other ancillary works, the project started construction on July 2 and took 171 days to usher in the topping-out of its first single building on Friday. It aims to become a backbone cold chain logistics base and a benchmark nationally.

Yuan strengthens to 7.187 against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 31 pips to 7.187 against the US dollar on Monday, 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.

Xinhua - China Daily