the rough exchange rate of the yuan against the US dollar after the latter appreciated sharply in recent months following an improvement in US economy
The US dollar has risen quickly in value because of the country’s accelerating economic growth and rising inflationary expectations, Yi said, adding that the yuan depreciated against the US dollar mainly because of unexpected reasons, including Donald Trump winning the US presidential election. The yuan has actually appreciated in value against several other main currencies, such as the euro, the Japanese yen, and the UK pound. It remains a stable currency in the world system.
The NDRC, the Ministry of Commerce, the central bank and the State Administration of Foreign Exchange responded to media concerns about outbound investment. A spokesperson said that China’s outbound investment has seen stable growth for the past several years, which helped deepen China’s cooperation with other countries and upgrade its domestic economy.
China’s policies and principles for outbound investment are clear, namely, it sticks to the strategy of “going out” and managing outbound investment in accordance with global rules and global market standards. It will combine the efforts of promoting convenience of outbound investment and preventing risks. It will also regulate market order and examine outbound investment programs to prevent cheating.