Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 23 pips to 7.2110 against the US dollar on Monday, 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.

Courier sector handles more parcels

China's express delivery volume so far this year has surpassed 50 billion parcels as of April 11, reaching the milestone 18 days earlier than in 2024, said the State Post Bureau. The figure translates to roughly 35 packages per person so far this year, with around 500 million parcels crisscrossing the country each day. A series of pro-consumption policies has supported steady growth in consumer spending, fueling continued expansion in the express delivery market.

Xinhua - China Daily