China-Laos Railway sees brisk passenger, cargo transport in first three quarters

The China-Laos Railway handled 177,000 passenger trips and transported 13.8 billion yuan (around 1.94 billion U.S. dollars) worth of goods in the first three quarters of this year, up by 175.6 percent and 50.5 percent year on year, respectively, data from the Kunming Customs showed.

The railway has seen passengers from over 101 countries and regions and transported goods to 19 countries including Laos, Thailand and Singapore, according to the latest data.

The China-Laos Railway connects Kunming in Yunnan Province with the Laotian capital Vientiane. The 1,035-km railway, a landmark project of high-quality Belt and Road cooperation, started operation on Dec. 3, 2021.

China-Laos Railway sees brisk passenger, cargo transport in first three quarters

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 20 pips to 7.0108 against the U.S. dollar 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 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 strengthens to 7.0108 against USD Monday