Major HSR sees big progress

Shanghai-Chongqing-Chengdu High-speed Railway, a key part of China's fast-expanding HSR network, sees major progress as a participating State builder reports vital momentum. China Railway Construction Corp's 24th bureau said it had recently installed the first T-shaped beam for its undertaking Bid 3 of the Nanjing North Railway Station renovation project. The renovation will enhance the railway station's role in the Yangtze River Delta region, cutting travel duration among Shanghai, Nanjing, Jiangsu province and Hefei, Anhui province, to less than 90 minutes.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 29 pips to 7.2066 against the US dollar on Monday, according to the China Foreign Exchange Trade System.