The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 48 pips to 6.758 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 6.758 against USD Thursday
Chinese yuan strengthens to 6.758 against USD Thursday
A senior official from the National Radio and Television Administration on Thursday outlined the plan to accelerate the high-quality development of the radio, television and online audiovisual sectors during the 15th Five-Year Plan period (2026-2030). He Biao, deputy head of the National Radio and Television Administration, told reporters that the administration will actively promote the deep integration and coordinated development of the sectors during the period.
He stressed that the radio, television and online audiovisual sectors must serve an ideological function, provide public services, and develop as a technology-driven industry.
The administration will make a point to coordinate four distinct business forms: radio and TV networks, Internet Protocol Television or IPTV, internet-based TV, and the public internet.
"The administration will consolidate and upgrade radio and television broadcasting, innovate and develop online audiovisual services, and integrate them to form synergy. It will vigorously push forward two advances: enabling radio and television media to fully advance into the main battlefield of the internet, and enabling radio, television and audiovisual services to advance into the main battlefield of economic and social development," he said.
Official briefs on plan to boost radio, television, online audiovisual sectors
