WEEKLY REVIEW (May 12 - May 18)
PHOTO:VCG
IMF Lifts Weighting of RMB in SDR Currency Basket
The International Monetary Fund announced on May 14 an increase in Chinese RMB's weighting from 10.92 percent to 12.28 percent in the Special Drawing Rights (SDR) currency basket after completing a quinquennial review. The updated basket weights will come into effect on August 1, 2022.
Water Evidence on Mars Found
Chinese scientists have found new evidence that shows there was water on Mars in the past and there are now hydrated minerals, which can be potentially exploited during future crewed Mars missions. The study published on May 12 in the journal Science Advances.
New COVID-19 Medicine Extracted from TCM
Chinese scientists have obtained a patent on May 10 for their research on the application of cepharanthine, a compound extracted from traditional Chinese herbal medicine, to fight the SARS-CoV-2.
Dinosaur Fossil Dating Back 125 mln Years Discovered
A relatively complete dinosaur fossil dating back approximately 125 million years in north China's Inner Mongolia Autonomous Region have been discovered by researchers recently, offering significant evidence for studying dinosaurs' evolution, living conditions and extinction.