6.9

China Daily (Hong Kong) - - POLICY REVIEW -

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.

Out­bound in­vest­ment

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.

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