The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 75 pips to 6.9533 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 6.9533 against USD Wednesday
China made public a work plan on Friday to further upgrade service consumption infrastructures and support housekeeping, elderly care and childcare sectors.
The document, jointly released by the Ministry of Commerce and eight other departments, outlined 64 measures to boost service consumption, including traditional sectors like catering and accommodation, tourism, as well as elderly care and childcare.
Emerging growth sectors, such as housekeeping, performance services and inbound consumption, are also covered.
These measures will create new consumption scenarios amid efforts to drive service consumption and meet people's growing needs for a better life, according to the ministry.
China unveils plan to further boost service consumption
