Briefly

Huawei releases Tau Scaling Law V2

Huawei has released the Tau Scaling Law version 2 paper, which details the tech giant's new chip innovation and relevant engineering information. It revealed the paper version 1 in May. The version 2 paper shows details regarding engineering implementation, actual measurement data and product evolution roadmap relevant to the main framework.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 pips to 6.8066 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. The central parity rate of the yuan against the greenback is based on a weighted average of prices offered by market makers.

XINHUA-CHINA DAILY