Business
        

Money

Yuan continues to weaken against dollar

Updated: 2011-05-04 10:09

(Xinhua)

Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - The value of Chinese currency renminbi (RMB), or the yuan, continued to weaken Wednesday following Tuesday's slide from the record high of 6.4990 per US dollar on April 29.

The central parity of yuan was set at $6.5013 per Wednesday, compared with 6.5002 on Tuesday. according to the China Foreign Exchange Trade System.

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

British Royal Wedding

Prince William and Kate Middleton married at Westminster Abbey in a royal occasion of dazzling pomp and pageantry.
Best wishes

The final frontier

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

Bridging the gap

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

Costly dream
Models gear up car sales
Urban breathing space