Iranian defense minister arrives in Qingdao for SCO meeting

Iranian Defense Minister Aziz Nasirzadeh on Wednesday arrived in Qingdao, east China's Shandong Province, to attend the Shanghai Cooperation Organization (SCO) Defense Ministers' Meeting, according to Yuyuantantian, a media outlet under China Media Group (CMG).

Defense leaders of SCO member countries as well as senior officials of SCO Secretariat and Regional Anti-Terrorist Structure are attending the two-day event from Wednesday and Thursday.

Following the Astana summit in July 2024, China assumed the rotating presidency of the SCO for 2024-2025 and will host the 25th Meeting of the Council of Heads of State of the SCO in north China's Tianjin Municipality this autumn.

The SCO, established in 2001, is the first international organization with China as a founding member state and named after a Chinese city.

Iranian defense minister arrives in Qingdao for SCO meeting

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 41 pips to 6.8198 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 weakens to 6.8198 against USD Monday