Digital push for light industry

China has issued a light industry digital transformation implementation plan, the Ministry of Industry and Information Technology said on Thursday. By 2027, the popularization rate of digital research and design tools in key light industry enterprises will reach around 90 percent, according to the plan jointly issued by the ministry and two other central government authorities.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 11 pips to 7.1752 against the US dollar on Friday, 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.

China Daily - Xinhua