Briefly

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 87 pips to 6.9608 against the US dollar on Tuesday, 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.

Software industry revenues surge

China's software industry saw a rapid expansion in 2025, reporting double-digit growth in terms of revenues, latest official data showed. The total revenues of the sector soared 13.2 percent year-on-year to more than 15.48 trillion yuan ($2.22 trillion) last year, while the total profits climbed 7.3 percent to more than 1.88 trillion yuan, according to data released by the Ministry of Industry and Information Technology. The subsector of information technology services raked in 10.64 trillion yuan in revenue, up 14.7 percent year-on-year. Specifically, the combined revenues of cloud computing and big data services rose 13.6 percent to 1.62 trillion yuan.

Services boosted to lift coal transport

Chinese railway operators have intensified measures to transport more coal, especially thermal coal, by trains to increase coal inventories at power plants. Since the beginning of winter, demand for thermal coal has continued to rise, making the task of coal transport arduous and urgent. Staff members of Beizhouzhuang Railway Station in Shanxi province are performing their duties efficiently, ensuring the safe and smooth transport of coal from the station, which handled an average daily dispatch of some 35,000 metric tons of coal in January. As an important national energy base, Shanxi provides stable coal supply to 24 provincial-level regions in China.

Xinhua - China Daily