Fishery-photovoltaic project aids green push

Chinese power workers are contributing to the country's green push by aiding local feature industries. In the city of Xuzhou, Jiangsu province, a fishery-photovoltaic complementary project is being built in Qiuji town that is designed to generate 38 million kilowatt-hours of power upon operation and reduce greenhouse gas emissions by some 24,840 metric tons per year. State Grid Xuzhou Power Supply Co has sent a team of experts to assist with the project, which is expected to realize an annual output value of 15 million yuan ($2.09 million). Qiuji is actively developing its village-level economy, constructing distributed PV on the 4,000-square-meter rooftop of Nizhuang village industrial park, yielding significant benefits.

Yuan strengthens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 86 pips to 7.1833 against the US dollar on Monday, 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 US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.