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Chinese yuan weakens to 7.1307 against USD Monday

BEIJING, Oct. 28 (Xinhua) — The central parity rate of the Chinese currency renminbi, or the yuan, weakened 217 pips to 7.1307 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System. In China’s spot foreign exchange…

Hong Kong stocks soar over 3 pct at open

HONG KONG, Sept. 25 (Xinhua) — Shares in Hong Kong soared more than three percent at Wednesday’s open, extending the previous day’s rally on the back of stimulus measures from China’s central bank. The Hang Seng Index surged 3.12 percent,…

China moves to propel mobile IoT development

BEIJING, Sept. 11 (Xinhua) — China’s Ministry of Industry and Information Technology unveiled a plan on Wednesday to push the development of the mobile Internet of things (IoT), aiming to boost the sector’s supply, innovation capabilities and industrial value. By…

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