Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 17 pips to 7.1089 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.

Digital publishing revenue hits new high

China's digital publishing industry revenue reached a new high of 1.75 trillion yuan ($245.9 billion) in 2024, according to a recently released annual report on the industry. This figure represents an 8.07 percent increase year-on-year, with the digital revenue from books, newspapers and magazines showing steady progress, said the report.

China Daily - Xinhua