Turbine installation vessel delivered

A China-built wind turbine installation vessel, believed to be the most advanced in China, has been delivered in Yantai, East China's Shandong province, its producer China International Marine Containers (Group) Co Ltd said. It is China's fourth-generation self-elevating and self-propelled vessel dedicated to wind turbine installation. Its delivery marks a significant enhancement in China's capabilities to develop offshore wind farms.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 4 pips to 7.1889 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