Briefly

China's Jan-April ODI up 3.9%

China's outbound direct investment across all industries reached 429.42 billion yuan ($62.88 billion) during the first four months, representing an increase of 3.9 percent year-on-year, said the Ministry of Commerce and the State Administration of Foreign Exchange. Of ODI across all industries in yuan terms, China's domestic investors made nonfinancial direct investment in 5,231 overseas companies across 142 countries and regions, with the investment value totaling 315.74 billion yuan.

Yuan strengthens against greenback

The central parity rate of the yuan strengthened 64 pips to 6.8176 against the US dollar on Friday, the China Foreign Exchange Trade System said. 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