Briefly

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 6 pips to 7.1710 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System.

SME development index edges up

An index tracking the development of China's small and medium-sized enterprises edged up in January, data from an industry association showed. The SME development index rose by 0.1 point to 89, compared to the previous month, the China Association of Small and Medium Enterprises data showed. Six of the eight sub-indexes rallied in January, including market, labor and investment, according to the association.

Xinhua - China Daily