Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 183 pips to 7.1703 against the US dollar on Tuesday, 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.

Medical insurance fund budget hits balance

China's medical insurance fund achieved a balanced budget last year, with a slight surplus, ensuring the safety and sustainability of the fund, according to the National Healthcare Security Administration. A total of 6.7 billion outpatient settlements were covered by basic medical insurance in 2024, representing a year-on-year increase of 19 percent, the NHSA said.

Xinhua - China Daily