BEIJING, Nov. 2 (Xinhua) -- The central parity rate of the Chinese currency, the renminbi or the yuan, strengthened sharply against the U.S. dollar on Wednesday as new worries weighed on the greenback.
The yuan strengthened by 172 basis points to 6.7562 against the dollar on Wednesday, according to the China Foreign Exchange Trade System.
The dollar has slumped against several major currencies, as a new poll that put Republican presidential nominee Donald Trump slightly ahead of his Democratic rival in the U.S. presidential race injected fresh anxiety into global markets.
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 dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.
Exchange rates can be jointly decided by a slew of factors, including a country's economic fundamentals, foreign exchange reserves and events affecting market sentiment, experts said.
There is no basis for persistent yuan depreciation, as China has been witnessing steady economic growth, progress in economic restructuring and a stable financial market, said Pan Gongsheng, head of the State Administration of Foreign Exchange (SAFE), earlier this week.
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KLCC is conveniently connected to all significant stops through buses and train routes. The one spot that holds everyone in awe has to be the globe famous architectural marvel of PETRONAS Twin Towers. Till recently they were the world’s tallest building, however the bridge joining them still offers a spectacular bird’s eye view of the city. And if you wish a restful stroll amidst this hustle-bustle then head straight to the KLCC Park. This ultimate shoppers’ paradise has two prominent malls-the Avenue K and the Suria KLCC that house retail outlets, luxury boutiques Black Duke Dawson Jersey , bookstores and food courts. The Quattro Club is where the night beckons the party-goers. There’s more to KLCC than just buying; Aquaria KLCC is a large aquarium of marine flora and fauna and has a host of capabilities such as screen projectors, an Aqua Theatre and a Fish Therapy Center. Still need adventure? Then go ahead and dive along the sea’s deadliest predators-sharks. Expertise the only tropical rainforest right in the middle of the city-the 100 year old Bukit Nanas jungle Reserve.
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NAIROBI Black Isaiah Wynn Jersey , Aug. 1 (Xinhua) -- The popularity of rugby 7s in Kenya has seen the domestic circuit attract huge following across the country whenever events are held.
The national team's performances at the International Rugby Board HSBC World Sevens Series where the country has established itself as a force in the shorter version of the game have seen hundreds turn out at local events.
However, sport has taken a backburner at these events due to excesses fueled by overindulgence in alcohol particularly among underage drinkers (legal age in Kenya is 18) who have turned rugby 7s tournaments into dens of sin.
The climax of the debauchery was witnessed on the weekend of June 29 to 31 in the southern town of Machakos that hosted the Masaku 7s where shocking photos and videos of reckless sexual acts by heavily intoxicated youth stunned a nation and went viral.
Even though it was later proven some of the brazen images were pinched from events elsewhere on the Internet, there was no denying the depravity crossed the line.
With this in mind, the Governor of Kenya's capital Nairobi Black Devin McCourty Jersey , Dr. Evans Kidero, initially announced a total ban on alcohol at this weekend's Kabeberi 7s tournament.
In his own words, "What happened in Machakos, we don't want a repeat of that in Nairobi and that is why we are making sure by 6pm (+3GMT) the pitch is empty."
"People will be checked Black Stephen Gostkowski Jersey , no alcohol will be allowed in the park. We will have Alcoblow in and around the pitch and indecent behaviour will not be allowed," he said.
Soon after his ban and threat to use breathalysers (Alcoblow) to nab drunken motorists went public, the County boss received a massive backlash on social media, majority whose users were directly affected by the ban Black Dont'a Hightower Jersey , as the # ThingsKideroHasDoneForNairobi trended worldwide on Twitter, mocking the leader with undertones of his perceived poor record and his lawsuit for allegedly assaulting the Nairobi Women's Representative Rachel Shebesh last year.