China's yuan rises to new high against dollar

BEIJING - The Chinese currency Renminbi (RMB), or the yuan, Friday gained 61 basis points from Thursday to a record new high of 6.4990 per US dollar.

On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day.

The central parity rate of the RMB against the US dollar is based on a weighted average of prices before the opening of the market each business day.

Specials

Full coverage of the royal wedding of Prince William and Kate Middleton in London. Best wishes

Xinjiang is a mysterious land of extremes that never falls to fascinate.

Tsinghua University attracts a cohort of foreign students wanting to come to China.