Renminbi strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 18 pips to 7.1346 against the US dollar on Wednesday, said the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall 2 percent from the central parity rate versus the greenback each trading day.

Cultural sector posts steady growth in H1

China's cultural sector sustained steady growth in revenue in the first half, said the National Bureau of Statistics. Combined operating revenue of major enterprises in the sector amounted to nearly 6.5 trillion yuan ($910.82 billion), up 7.5 percent year-on-year.