Yuan strengthens against greenback
The central parity rate of the yuan strengthened for a second day against the US dollar on Wednesday to the strongest level since Sept 25, 2018. The yuan’s central parity rate advanced 463 basis points to 6.8476 against the dollar, following a strengthening of 492 basis points on Tuesday, according to the China Foreign Exchange Trade System. With signs of ebbing external risks, foreign exchange market sentiment has been boosted and the yuan is unlikely to depreciate beyond the 7 yuan per dollar mark within the year, China Securities Journal cited market insiders as saying. the first 11 months of this year, the company said on Tuesday. The company has introduced several new models to the market this year, including the seventh generation of its classic J7 heavy truck. The company sets a goal of selling 350,000 vehicles in 2020 and 430,000 vehicles in 2023. The number is expected to reach 500,000 in 2025. adjusted third quarter reading showed Australia’s economy grew by just 0.3 percent, the weakest quarterly expansion in two years down under.