Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 pips to 7.178 against the US dollar on Monday, 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 greenback is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Hainan Airlines launches Beijing-Oslo flights

Hainan Airlines launched direct flights between Beijing and Oslo on Saturday, further strengthening air connectivity between China and Northern Europe. Flight HU769 from Beijing Capital International Airport landed at Oslo Gardermoen International Airport at 5:02 am local time. A welcome ceremony was held at the airport to celebrate the operation of the flights.

Xinhua - China Daily