Chinese yuan strengthens to 6.8240 against USD Thursday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 51 pips to 6.8240 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 6.8240 against USD Thursday

Chinese yuan strengthens to 6.8240 against USD Thursday

China's total installed power-generating capacity reached 3.99 billion kilowatts (kW) by the end of April, rising 14.2 percent year on year, official data showed Monday.

From January to April, the installed capacity of solar power continued to grow, up 26.2 percent year on year to 1.25 billion kW, according to the National Energy Administration (NEA).

The installed capacity of wind power also posted strong growth during the period, increasing 22 percent to 660 million kW.

In the first four months of the year, China's total power use exceeded 3.33 trillion kilowatt-hours, up 5.4 percent year on year.

China's installed power capacity sees steady growth