Briefly

Marine economy posts steady growth in H1

China's gross ocean product reached 5.5 trillion yuan ($810.09 billion) in the first half of 2026, up 5.1 percent year-on-year, according to data released by the Ministry of Natural Resources. The amount accounted for 7.9 percent of the country's gross domestic product, the ministry said, noting that the marine economy is experiencing steady growth with a positive development momentum.

Yuan weakens against greenback

The central parity rate of the yuan weakened 19 pips to 6.7917 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.

XINHUA-CHINA DAILY