China-Arab Think Tank Alliance holds first conference in Shanghai

The first conference of the China-Arab Think Tank Alliance was held in Shanghai on Friday, discussing issues of China-Arab high-quality development, high-standard opening-up cooperation and the Palestinian question.

Representatives of nearly 40 think tanks from China, 19 Arab countries and the Arab League, and some Arab diplomatic envoys to China attended the conference. The China-Arab Think Tank Alliance was established in January 2024.

Arab representatives praised China's contributions to promoting regional peace, including its efforts in the Palestinian question.

During the conference, think tanks from China and Arab countries jointly put forward proposals to maintain regional peace and strive for development, and called for the comprehensive, fair, and permanent settlement of the Palestinian question at an early date.

China-Arab Think Tank Alliance holds first conference in Shanghai

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 5 pips to 6.8654 against the U.S. dollar 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.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.8654 against USD Friday