Yuan strength­ens against US dol­lar

China Daily (Canada) - - BUSINESS -

The cen­tral par­ity rate of the ren­minbi, or the yuan, strength­ened three ba­sis points to 6.9115 against the US dol­lar onWed­nes­day, ac­cord­ing to the China For­eign Ex­change Trade Sys­tem. The eco­nomic data re­leased on Tues­day of­fered fresh signs that the Chi­nese econ­omy was sta­bi­liz­ing and pick­ing up steam. Industrial out­put rose 6.3 per­cent in Jan­uaryFe­bru­ary from a year ear­lier, while fixed-as­set in­vest­ment growth ac­cel­er­ated to 8.9 per­cent dur­ing the pe­riod, both beat­ing mar­ket ex­pec­ta­tions, ac­cord­ing to the Na­tional Bureau of Sta­tis­tics on Tues­day.

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