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    BEIJING cheap air max 2018 online , Sept. 5 (Xinhua) -- The central parity rate of the Chinese currency, the yuan, strengthened for the seventh working day to a 15-month high against the U.S. dollar Tuesday.

    The central parity rate of yuan strengthened 298 basis points to 6.537 against the U.S. dollar Tuesday, the strongest level since May 2016 cheap air max online , according to the China Foreign Exchange Trade System.

    The adjustment came after a rise of 241 basis points Monday, and 101 basis points Friday, when the rate hit below 6.6 for the first time since June last year.

    The dollar index against a basket of six major currencies was steady at 92.63 on Tuesday after losing 0.2 percent the previous day.

    The rise of Chinese currency is on the back of a firming Chinese economy, said Wen Bin from China Minsheng Bank.

    China's economy expanded 6.9 percent in the first half cheap nike air max 2017 shoes , well above the target of around 6.5 percent for the year.

    China's manufacturing activity expanded for the 13th consecutive month in August, providing fresh evidence of a firming Chinese economy.

    China's service sector growth accelerated in August, hitting a three-month high, according to the survey conducted by financial information service provider Markit and sponsored by Caixin Media.

    The Chinese yuan will continue its momentum given a slew of positive economic indicators in coming months that will inject fresh impetus to the economy cheap nike air max 2018 shoes , according to Sheng Songcheng with the central bank.

    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 U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

    Leaders of BRICS countries pose for group photo before summit

    Xi calls for solidarity among emerging economies, developing nations

    Leaders attend Dialogue of Emerging Market and Developing Countries

    Chinese UN envoy condemns DPRK nuke test, calls for return to dialogue

    Autumn scenery of Hunhe River in N China's Hohhot

    Villagers air harvests in south China

    Dew drops seen on plant leaves in east China

    Fish Dish Festival celebrated in C China's Hunan

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