Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 29 pips to 7.1027 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.

Special drive to fix rail safety hazards

Chinese railway operators have taken timely measures to prevent hidden safety hazards on railway lines. China Railway Taiyuan Group has launched a thorough campaign to find and fix such hazards. Its Hudong Rolling Stock Depot has set up a special task-force to design 19 inspection priorities grouped into seven categories — including equipment quality, operating safety, fire and explosion prevention — so that every link in the responsibility chain is targeted. So far, 17 hazards have been uncovered, with 13 having been rectified and the remaining four having entered its hazard-tracking database for closed-loop management. The move aims to completely safeguard rail safety.

Xinhua - China Daily