China's installed power capacity sees steady expansion

China's total installed power-generating capacity reached 3.79 billion kilowatts (kW) by the end of November, marking a 17.1 percent year-on-year increase, official data showed on Friday.

Solar power capacity led the growth with a 41.9-percent year-on-year surge to 1.16 billion kW, while wind power capacity expanded by 22.4 percent to 600 million kW, according to the National Energy Administration (NEA).

The country has established the world's largest clean power system and carbon trading market. During the 14th Five-Year Plan period (2021-2025), green power accounted for one-third of China's total electricity consumption.

China has pledged to accelerate its green transition across the board and build a Beautiful China over the next five years.

China's installed power capacity sees steady expansion

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 34 pips to 7.0358 against the U.S. dollar Friday, 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 7.0358 against USD Friday