Briefly

Auto exports see strong growth in July

China's automobile exports maintained strong growth in July, surpassing 1 million units for the second consecutive month, driven in large part by a surge in new energy vehicle shipments, data released on Wednesday by the China Association of Automobile Manufacturers showed. The country exported 1.043 million automobiles in July, up 0.6 percent from June and 81.3 percent from a year earlier. After topping 900,000 units in both April and May, monthly exports crossed the 1 million mark in June and remained above that level in July.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 18 pips to 6.7882 against the US dollar on Wednesday, 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