Briefly

Gaming market sees sales revenue growth

China's gaming market saw its actual sales revenue reach a record high of 168 billion yuan ($23.5 billion) in the first half of 2025, up 14.08 percent year-on-year, according to the ongoing China International Digital Entertainment Industry Conference Summit Forum in Shanghai. During the period, the number of Chinese gamers approached 679 million. The actual sales revenue of Chinese self-developed games in overseas markets exceeded $9.5 billion, up 11.07 percent year-on-year. China is the world's largest gaming market, with domestic sales revenue surpassing 325 billion yuan in 2024.

Yuan weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 53 pips to 7.1494 against the US dollar on Thursday, according to the China Foreign Exchange Trade System. 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 US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese mainland shares close lower

Chinese mainland shares closed lower on Thursday, with the benchmark Shanghai Composite Index down 1.18 percent to 3,573.21 points. The Shenzhen Component Index closed 1.73 percent lower at 11,009.77 points.

Xinhua - China Daily