Briefly

China adds 1,625 km of new rail lines

China put 1,625 kilometers of new railway lines into operation in the first three quarters as the country, home to the world's largest high-speed rail network, speeds up efforts to build a modern railway infrastructure system. During the period, the railway sector completed fixed-asset investment of 601.2 billion yuan ($90 billion), up 1.3 percent year-on-year, according to data from the China State Railway Group Co Ltd. With the newly opened lines, the overall efficiency of the railway network has continued to improve and new momentum has been injected into economic and social development, the company said.

Yuan weakens against greenback

The central parity rate of the yuan weakened 3 pips to 6.7195 against the US dollar on Thursday, 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 before the opening of the interbank market each business day.

XINHUA-CHINA DAILY