Briefly

Social logistics value hits 360.6 trillion yuan

China's total social logistics value rose 5.8 percent year-on-year to 360.6 trillion yuan ($50.28 trillion) in 2024, said the China Federation of Logistics and Purchasing. Industrial logistics, the main driver of overall growth, rose by 5.8 percent to reach 318.4 trillion yuan. High-tech products, including integrated circuits, reported a logistics volume growth exceeding 15 percent.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 9 pips to 7.1719 against the US dollar on Thursday, according to the China Foreign Exchange Trade System.

Xinhua - China Daily