Yuan strengthens further against dollar

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened for a fourth consecutive day to 6.9438 against the US dollar on Thursday, the strongest in almost five months, according to the China Foreign Exchange Trade System. The stronger yuan against the dollar was partly due to domestic economic recovery as well as continued capital inflows, analysts said. China's economy grew 3.2 percent year-on-year in the second quarter, following a 6.8-percent contraction in the first quarter, according to the National Bureau of Statistics.

Hunan to build more 5G base stations this year

Central China's Hunan province has built 13,586 5G base stations since 2019, and the number is expected to hit 22,000 by the end of this year, local authorities said. During the first six months of this year, the province built 10,986 5G base stations, according to the Industry and Information Technology Department of the province. Hunan has been expediting the construction of 5G facilities and expanding the innovative applications of this technology to promote the development of related industries.

Xinhua