Briefly

Technical support for cultivating brands

The National Certification and Accreditation Administration has issued Announcement No 15 of 2026, releasing 15 industry standards, including the "Guideline for Brand Building of Inspection and Testing Institutions", compiled by the China Council for Brand Development. At present, China's inspection and testing sector is in a critical stage of transformation and upgrade. The guideline marked positive progress in standardization and systematization of brand building work for inspection and testing institutions. It provides key technical support for the inspection and testing regime to extend towards specialization and a high-end value chain.

Renminbi strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 6 pips to 6.7165 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. 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.

XINHUA-CHINA DAILY