Yuan strengthens to 7.1287 against USD

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 97 pips to 7.1287 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. 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.

Shanxi reports more raw coal production

Coal-rich province of Shanxi reported 756.44 million metric tons of raw coal production in the first seven months, up 7.2 percent year-on-year, according to local authorities. As the country's top coal producer, Shanxi contributed 27.2 percent of China's total output during this period.