The central parity rate of the Chinese currency renminbi, or the yuan, weakened 20 pips to 6.7829 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 weakens to 6.7829 against USD Wednesday
Local merchants in Gyirong County of Xigaze City, in southwest China's Xizang Autonomous Region, have been providing free relief supplies and essential aid to rescue teams and frontline workers following a catastrophic mudslide.
The deadly mudslide triggered by a glacial collapse on the Nepalese side struck the remote China-Nepal border region on Aug 26 morning.
Zeng Yong, owner of a building materials store in the county, kept his business open around the clock and provided complimentary lodging for rescue and restoration workers in the aftermath of the disaster.
"I didn't think about anything else at all. I just knew that building materials were definitely needed in disaster relief. We provided whatever we had and stayed open all day long," said Zeng.
On the night of the disaster, Zeng and his family and store employees rushed to assemble 16 makeshift beds and urgently purchased bedding supplies. After six to seven hours of intensive effort, they transformed the second-floor office area into a functional rest area for frontline workers.
"On the front line, I was mainly tying steel cages and had been working continuously for two days and one night. The tents at the frontline are all full," said Zhang Xuhui, a worker of China Railway Guangzhou Engineering Bureau Group Bridge Engineering Co., Ltd. "Sleeping bags and raincoats are all packed in bags. The moment we receive the order, we just grab our bags and head straight there,” said Lhapa Tsering, a rescuer.
Among those staying at Zeng's store are emergency support personnel, frontline workers and freight drivers. No matter how late they return, Zeng keeps the lights on to welcome them.
"Their rescue work doesn't follow a regular schedule, and sometimes they come back very late. I always keep the light on so they can return at any time," said Zeng.
Across the streets of Gyirong County, temporary volunteer service stations have been set up, operating around the clock to provide a wide range of supplies to rescuers and local residents alike.
"When disaster strikes, help comes from all sides. I have lived here for nearly 30 years -- this place is half my hometown. As long as I can help in any way, even just a little, it is a small token of my appreciation," a local merchant.
Gyirong merchants mobilize to provide free aid to rescue teams, frontline workers
