China Daily Global Edition (USA)
Renminbi firms up against greenback
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 134 basis points to 6.3019 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 US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. operation mode in North America. “Quality is the foundation for GAC Motor to enter North American market,” senior management said in an interview. of Volvo China Investment Co. “China is now pushing the better distribution of wealth among people and the development of its inland,” said Svedberg, adding that China’s emphasis on building infrastructure to support development is “very impressive.” technology businesses, will advance the use artificial intelligence in healthcare platforms for research impact and clinical decision support. Other partners include China Resources, GSK China, Peking University, Lenovo, and Ping An Good Doctor. Quality Supervision, Inspection and Quarantine (AQSIQ). Starting Feb 10, the company will recall 73,084 new Highlander vehicles manufactured between May 5, 2015 and Feb 4, 2016, and 98,218 Levin models produced between May 4, 2015 and Feb 4, 2016, as well as 5,804 Levin hybrid cars produced between Oct 11, 2015 and Feb 4, 2016, according to the AQSIQ. The recall also includes 4,691 Corolla hybrid cars manufactured by Tianjin FAW Toyota Motor between Nov 21, 2015 and Feb 2, 2016. There are concerns that flawed acceleration transducer parts in the air bags of affected vehicles may cause air bags to malfunction, which could pose a threat to safety, according to the statement.