The CNY exchange rate slightly affect foreign trade

In view of the recent median price of their currency against the us dollar depreciation, commerce ministry spokesman said recently spoke, the normal adjustment of RMB exchange rate, the impact on foreign trade co., LTD.

The spokesman pointed out that since the end of last year, the RMB against the U.S. dollar parity with the market at the spot exchange rate between appear larger deviation. The median price quotation of RMB exchange rate mechanism, one-time correction for this deviation. This is good for play the basic role of market in the RMB exchange rate.

Under the background of global value chain, he said, because of the cross regional division of upstream and downstream and intra-industry trade are widespread, some changes in the value of an economy and its effect on import and export, will fast forward chain transmission to other economies, currency devaluation pull effect on the export will be split, weakening. The median price quotation of RMB exchange rate mechanism of perfect, is a different influence on different enterprises. China as the import and export power, and the processing trade, quite a proportion of normal adjustment of RMB exchange rate, foreign trade co., LTD.

The spokesman also said that China’s economy, foreign trade and two-way investment growth is still one of the highest in the world’s major economies, economic fundamentals to determine the central value of RMB exchange rate basically stable.

The spokesman stressed that a country’s exchange rate ultimately depends on its overall international competitiveness. At present, China is speeding up the deepened reform, opening wider to the outside, actively promote innovation-driven strategy, China’s economy is to realize the transformation and upgrading and quality, and the efficiency, the RMB exchange rate to maintain at a reasonable and balanced level basically stable.