China reports largest reserves of 14 minerals

China holds the world's largest reserves of 14 mineral resources, including rare earths, tungsten, tin, molybdenum, antimony, gallium, germanium, indium, fluorite and graphite, its latest mineral resource data showed. In 2025, the country also ranked first globally in the production of 17 mineral resources, including coal, vanadium, titanium, zinc, rare earths, tungsten, tin, molybdenum, antimony, gallium, indium, gold and tellurium, according to the Ministry of Natural Resources on Wednesday. China's mining industry output reached approximately 32.7 trillion yuan ($4.77 trillion) in 2025, accounting for more than 23 percent of the country's GDP, underscoring its position as the world's largest in mineral production, smelting and processing.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 19 pips to 6.8608 against the US dollar on Wednesday, 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.

Xinhua - China Daily