Measures to safeguard railway transport

New and innovative means to battle flood hazards to safeguard smooth rail transport have been introduced by China Railway Taiyuan Group. The rail operator has divided its management areas into "grid" units, increasing personnel patrols on line equipment since the beginning of the flood season on May 15. Its Taiyuan South Engineering Section is using virtual reality and drone technology to conduct topographic surveys, monitor terrain changes and assess flood risks, in addition to real-time monitoring of geological disasters such as landslides and falling rocks along the railway lines. Additionally, it has established an information-sharing mechanism with local meteorological and water conservancy bureaus, targeting situations that may affect railway safety.

Yuan weakens against greenback

The central parity rate of the yuan, weakened 10 pips to 7.1855 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.