Briefly

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 41 pips to 6.8036 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. 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.

NEV sector sees continued growth

China's new energy vehicle sector reported continued growth in the first half of 2026, with output and sales both exceeding 7 million units during the period, the latest industry data showed on Thursday. NEV output from January to June reached 7.438 million units, while sales stood at 7.446 million units, according to data released by the China Association of Automobile Manufacturers. Pure electric vehicles accounted for 67 percent of total NEV sales during the period, the data showed.

XINHUA-CHINA DAILY