(Yicai Global) Jan.10 -- The People's Bank of China set the yuan-dollar central parity rate 366 basis points higher this morning, strengthening Chinese currency's value against the greenback.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, set the benchmark at 6.8160, 170 basis points higher than yesterday's close of 6.8330. The yuan-dollar central parity rate has reached its highest level since Aug. 30. Spot rates may deviate 2 percent above or below the figure.

Editor: William Clegg