Briefly

Power generation by key enterprises up

Power generation by China's major power-generating enterprises rose 2.6 percent year-on-year to 744 billion kilowatt-hours in April, official data showed. The growth rate was 1.2 percentage points higher than the figure posted in March, according to the National Bureau of Statistics. In the first four months of the year, power generation by these enterprises totaled 3.12 trillion kilowatt-hours, up 3.3 percent from the same period of last year. Broken down by source, hydropower output surged 12.2 percent year-on-year last month, with the growth rate accelerating 1.4 percentage points from March. Solar power output expanded by 7.1 percent year-on-year, while thermal power output increased by 3.1 percent, the NBS data showed.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 60 pips to 6.8375 against the US dollar on Tuesday, 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 US 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