China updates catalog of services encouraged for import

China on Wednesday announced an updated catalog of services it encourages for import.

The revisions were made by multiple authorities, including the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Industry and Information Technology.

The new catalog aims to proactively expand the import of quality services, meet urgent domestic needs in high-quality development, and meet people's needs for better lives, according to a statement on the Ministry of Commerce website.

The catalog covers services in fields such as physics, quantum science, artificial intelligence, biomedicine, chip, and medicine research and development.

China updates catalog of services encouraged for import

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 93 pips to 6.9228 against the U.S. dollar Thursday, 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 6.9228 against USD Thursday