Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 75 pips to 6.8854 against the US dollar on Tuesday, 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.

High-tech industries post robust growth

Latest tax data show that the Chinese economy has continued to perform steadily, with innovation momentum strengthening, as evidenced by robust revenue growth in high-tech industries in the first quarter of 2026. Data from the State Taxation Administration showed that sales revenues of high-tech industries for the period from Jan 1 to March 25 increased by 14.6 percent year-on-year. High-tech manufacturing and services saw revenues grow 12.7 percent and 15.8 percent, respectively. Driven by the demand from artificial intelligence and computing power centers, the sales revenue of integrated circuit design and manufacturing also saw a sharp increase.

Staff quality raised to optimize services

Chinese railway operators have

enhanced the professional quality of staff members in a bid to perfect railway services. Earlier this year, China Railway called for optimizing passenger and freight services to continuously improve the quality of the railway network. At Taiyuan Housing and Construction Apartment Section in North China's Shanxi province, the Linfen North housing construction workshop called on all employees to shoulder a pioneering role with better professional quality, so as to ensure the safety and smoothness of railway transport. The staff members prioritized serving its responsible section of the 1,260-kilometer-long Watang-Rizhao Railway that links provinces of Shanxi and Shandong.

Xinhua - China Daily