Briefly

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 36 pips to 7.0865 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.

Marine economy grows in first nine months

China's gross ocean product totaled 7.9 trillion yuan ($1.11 trillion) in the first three quarters of 2025, which was a year-on-year increase of 5.6 percent, demonstrating the marine economy's steady development momentum. Major traditional marine industries maintained sound development, according to data released by the Ministry of Natural Resources. The output of marine crude oil increased by 3 percent year-on-year, the output of marine natural gas by 17.7 percent, and the output of marine aquatic products by 4.8 percent, the data show.

Xinhua - China Daily