The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 169 pips to 6.9025 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 6.9025 against USD Wednesday
Heavy rains prompted several regions across China to activate emergency responses on Sunday, with warnings of possible disasters caused by days of intense rains in some areas.
The meteorological service of Nanning City, capital of south China's Guangxi Zhuang Autonomous Region, issued an orange lightning warning on Sunday morning.
It warned that most urban areas of Nanning will be affected by thunderstorm and some parts of the city will see heavy precipitation and strong winds.
The lightning warning was followed by another yellow warning for rainstorm, with most parts of Nanning to see heavy rains of 20 to 40 millimeters.
In some areas, precipitation will exceed 50 millimeters and will also be accompanied by thunder and gusty winds.
The central province of Hubei activated a Level III emergency response for major meteorological disasters on Sunday morning.
Local meteorological service estimated that from Sunday night to Tuesday, the province will see heavy to torrential rains and some regions will experience downpours accompanied by severe convective weather.
Local authorities said the public should stay alert to secondary disasters triggered by persistent heavy rains.
Rains hit north China's Tianjin Municipality on Saturday night.
The rainfall intensified significantly on Sunday morning and the rainy weather is projected to last until Monday.
Heavy rains prompt emergency responses in several regions
