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PBOC Sets Yuan Parity Weaker at 6.5670; +1.30% Y/Y

     BEIJING (MNI) - The People's Bank of China set the yuan central parity rate
against the U.S. dollar at 6.5670 Wednesday compared with Tuesday's 6.5530. 
                      Dlr-CNY  EUR-CNY  JPY-CNY
Today's fixing         6.5670   7.8749   5.8923
Prev. fixing           6.5530   7.8403   5.8822
Prev. official close   6.5859       --       --
%Chg y/y                +1.30    -5.42   +10.99
%Chg since Jan. 1       +5.52    -7.59    +0.65
%Chg since July '05    +26.02       --       --
     The People's Bank of China started setting a daily central parity rate on
Jan. 4, 2007.
     On July 21, 2005, China freed the yuan from its longstanding peg to the
dollar in favor of a managed float with reference to a basket of currencies.
     Starting March 17, 2014, the yuan was allowed to move 2% on either side of
the daily fixing against the dollar.
--MNI Beijing Bureau; tel: +86 (10) 8532-5998; email:

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