The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 30 pips to 7.0796 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 strengthens to 7.0796 against USD Wednesday
Prime Minister of the Republic of Uzbekistan Abdulla Aripov arrived in Beijing on Wednesday night for a two-day visit to China.
Aripov will co-chair the eighth session of the China-Uzbekistan Intergovernmental Cooperation Committee with Chinese Vice Premier Liu Guozhong.
China has remained Uzbekistan's largest trading partner for several consecutive years. Data released by Chinese Customs shows that in the first quarter of 2026 alone, bilateral trade turnover rose by more than 35 percent year on year to over 4.1 billion U.S. dollars.
In recent years, cooperation between the two countries has shown full-scale expansion and vigorous development, in fields including new energy, smart agriculture, green minerals, high technologies, and public health.
One flagship cooperative project is the China-Kyrgyzstan-Uzbekistan railway, designed to boost trade and economic ties across Central Asia, creating a diverse framework of connectivity.
Meanwhile, the two sides have also enhanced law enforcement and security cooperation, and further strengthened coordination on international and regional affairs within the frameworks of China-Central Asia mechanism as well as the Shanghai Cooperation Organization.
Uzbek PM arrives in Beijing for two-day visit to China
