The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 6.8096 against the U.S. dollar 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 U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
China’s value-added industrial output continued its year-on-year growth in the first five months of 2026, strongly underpinned by the performances of the equipment and high-tech manufacturing sectors.
The value-added industrial output increased by 5.4 percent year on year during this period. In May alone, industrial output grew 4.5 percent year on year, and rose 0.4 percent compared to the previous month, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
