Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 3 pips to 6.8657 against the US dollar on Monday, 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.

Canton Fair to see record exhibition scale

The 139th edition of the China Import and Export Fair, also known as the Canton Fair, is scheduled to take place from April 15 to May 5 in the southern Chinese city of Guangzhou, capital of Guangdong province, with its exhibition space, number of booths and participating enterprises all reaching record highs, the Ministry of Commerce said. The fair will cover 1.55 million square meters and feature 75,700 booths and more than 32,000 participating enterprises, with around 3,900 first-time exhibitors. The number of exhibition zones will increase to 179, including nine new sections covering smart wearables, display technologies, among others.

Xinhua - China Daily