China ranks second in lithium reserves

China has made significant strides in lithium exploration, emerging as the world's second-largest holder of lithium reserves. The China Geological Survey under the Ministry of Natural Resources said on Wednesday that the country's lithium reserves have increased from 6 percent to 16.5 percent of the global total, propelling it from sixth to second place in the world rankings.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 8 pips to 7.1887 against the US dollar on Wednesday, according to the China Foreign Exchange Trade System.

Xinhua - China Daily