The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 54 pips to 7.0602 against the U.S. dollar Tuesday, 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 7.0602 against USD Tuesday
China created 12.1 million urban jobs in the first 11 months of 2025, meeting its full-year target of over 12 million a month ahead of schedule, official data showed on Tuesday.
Over the same period, the average surveyed urban unemployment rate was 5.2 percent, better than the annual target of about 5.5 percent, according to data from the Ministry of Human Resources and Social Security.
Central to household livelihoods and social stability, employment has remained high on China's policy agenda, with authorities introducing comprehensive measures to support job growth.
China creates 12.1 mln urban jobs in Jan-Nov
