Briefly

Rising urbanization rate over past decades

China's urbanization rate, which measures the ratio of permanent city dwellers relative to the total population, rose by 55.52 percentage points from the end of 1949 to 66.16 percent by the end of 2023, said the National Bureau of Statistics. Over the past 75 years since the founding of the People's Republic of China, the country has undergone the largest and fastest urbanization process in world history.

Renminbi strengthens against greenback