Fishing resumes in Yellow Sea, Bohai Sea as China lifts seasonal ban

China's annual summer fishing ban officially ended at noon Monday in the Yellow Sea and Bohai Sea, north of 35 degrees latitude, marking the start of a new season for thousands of coastal communities.

More than 30,000 fishing vessels set sail from ports across Liaoning, Hebei, Tianjin, and Shandong, resuming operations after a four-month moratorium aimed at protecting marine ecosystems.

The nationwide ban, which began May 1 and runs through September 16 in some regions, spans the Bohai Sea, Yellow Sea, East China Sea, and parts of the South China Sea north of 12 degrees latitude. It is part of China's long-term strategy to support the natural regeneration of fishery resources and promote sustainable development in the sector.

Fishing resumes in Yellow Sea, Bohai Sea as China lifts seasonal ban

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 41 pips to 6.8635 against the U.S. dollar Wednesday, 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 6.8635 against USD Wednesday