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BEIJING - A year ago, economic forecasters at home and abroad bet on the sharp depreciation of the renminbi, or the yuan, in 2017 due to a flagging economy and US rate hikes. But the Chinese currency roaring back in past months has proven them wrong. The yuan's midpoint saw a substantial increase to 6.6770 against the greenback Thursday, the strongest in more than 10 months, following a steady strengthening streak since the beginning of 2017. Onshore and offshore rates were also much firmer. While curbed capital flight and the weaker US dollar were considered the immediate cause, the country's economic resilience played a fundamental role in propping up the currency. China posted a forecast-beating GDP increase of 6.9 percent in the second quarter of the year despite expectations of a loss in momentum, flat with that of the January-March period. From buoyant factory activity to robust imports, latest indicators have disappointed doomsayers. "Once again, the Chinese economy has defied the hand wringing of the nattering nabobs of negativism," Stephen Roach, faculty member at Yale University, wrote in an article on Project Syndicate.

Authorities reported 177 new infections in and around Melbourne on Monday, marking a week of triple-digit increases.

Audi announced its plans to revamp its corporate strategy in China early this year, then its sales in China experienced significant year-on-year drop between January and April.

BEIJING - China continued to see faster growth in fixed-asset investment (FAI) thanks to robust high-tech investment in the first quarter of 2019, official data showed Wednesday.

BEIJING - Beijing's observatory issued a blue alert on Monday for high temperatures over the next two days.