(Yicai Global) Aug. 5 -- The People's Bank of China stiffened the yuan by another 51 basis points against the US dollar this morning, fixing the central parity rate at 6.9752 from yesterday's 6.9803.

The China Foreign Exchange Trade System, the interbank trading and foreign exchange division under the central bank, sets the benchmark on the morning of each business day. Spot rates may deviate 2 percent above or below its figure.

Editor: Ben Armour