China urges parties to face up to root cause of Korean Peninsula issues: spokesman

China hopes all relevant parties will face up to the root cause of the Korean Peninsula issue, said Chinese Foreign Ministry Spokesman Guo Jiakun at a press conference in Beijing on Wednesday.

Guo was responding to a question about the Democratic People's Republic of Korea (DPRK)'s launch of multiple ballistic missiles towards the sea.

"We noted that relevant parties have different views on what the projectiles are. We hope relevant parties will face up to the root cause of the Korean Peninsula issue, stick to the direction of political settlement, and make an effort for peace and stability in the region," said Guo.

China urges parties to face up to root cause of Korean Peninsula issues: spokesman

China urges parties to face up to root cause of Korean Peninsula issues: spokesman

China urges parties to face up to root cause of Korean Peninsula issues: spokesman

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 93 pips to 6.9678 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 6.9678 against USD Friday