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Chinese yuan weakens to 7.1996 against USD Tuesday

BEIJING, Dec. 3 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, weakened 131 pips to 7.1996 against the U.S. dollar Tuesday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange…

Chinese SOEs report revenue increase in first 10 months

BEIJING, Nov. 26 (Xinhua) — China’s state-owned enterprises (SOEs) maintained steady operations in the first 10 months of the year, with increased total revenue, according to data released by the Ministry of Finance on Tuesday. The data shows that during…

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