Briefly

Equipment upgrade to boost rail safety

Chinese railway operators have intensified measures to enhance smooth and safe rail transport. At Yuanping Track Division under China Railway Taiyuan Bureau Group, staff members completed a comprehensive equipment maintenance this autumn, focusing on key switches by lifting, tamping, and replacing damaged rail components. By effectively enhancing the smoothness of switches and restoring the standard dimensions of the track framework, they have helped eliminate potential safety hazards and ensured rail safety. Engineer Li Yuanyuan said they have made every effort to finish the maintenance work and guarantee passenger travel safety.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 41 pips to 7.1007 against the US dollar on Monday, 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 dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily