In the report on the work of the government delivered by Premier Li Keqiang on March 5, the main points are as follows: In the past year, China's GDP grew by 3 percent. In the past five years, China's GDP increased to 121 trillion yuan, an average annual growth rate of 5.2 percent over the past five years. The main development targets for this year are to increase GDP by around 5%, create around 12 million urban jobs, increase the CPI by around 3%, and keep grain output above 50 million metric tons. The offshore yuan strengthened against the dollar on Saturday and weakened against the euro and yen
The offshore yuan strengthened sharply against the US dollar on Saturday. As of press time, the offshore yuan was trading at 6.8946 against the US dollar, up 254 basis points from the previous close of 6.9200.
The offshore yuan weakened slightly against the euro on Saturday,
trading at 7.3295 against the euro as of press time, down 6 basis points from the previous close of 7.3289.
The offshore yuan weakened sharply against the 100 yen exchange rate on Saturday. As of press time, the offshore yuan was trading at 5.0700 yen, down 200 basis points from the previous close of 5.0500 yen.
On Friday, the onshore yuan strengthened against the dollar and depreciated against the euro and yen
On Friday, the onshore RMB exchange rate against the US dollar appreciated sharply. As of press time, the onshore RMB exchange rate against the US dollar was at 6.9035, up 158 basis points from the previous close of 6.9193.
The onshore yuan weakened slightly against the euro on Saturday. As of press time, the onshore yuan was trading at 7.3416 against the euro, down 138 basis points from the previous close of 7.3278.
The onshore yuan weakened sharply against the 100 yen exchange rate on Saturday. As of press time, the onshore yuan was trading at 5.0800 yen, down 300 basis points from the previous close of 5.0500 yen.
The central parity rate of the yuan weakened against the dollar on Friday, appreciated against the euro and was unchanged against the yen
The yuan weakened sharply against the US dollar on Friday, with the central parity rate of the yuan to the US dollar at 6.9117, down 309 basis points from 6.8808 in the previous trading day.
The yuan strengthened sharply against the euro on Friday, with the central parity rate of the yuan against the euro at 7.3267, up 150 basis points from 7.3417 the previous day.
The yuan was unchanged against the 100 yen on Friday, with the central parity rate at 5.0576, unchanged from 5.0576 the previous day.
