(Yicai Global)  March 19 -- The People's Bank of China set the central parity  rate between the Chinese yuan and the US dollar at 7.0522, 194 basis  points softer for the redback from yesterday.

The China  Foreign Exchange Trade System, the interbank trading and foreign  exchange division under the PBOC, fixes the benchmark parity rate on the  morning of each business day. Spot rates may deviate 2 percent above or  below the figure during that day.

Editor: Emmi Laine