Shanghai Securities News (reporter Fan Zimeng) on October 25, the onshore RMB exchange rate against the US dollar opened up 20 points to recover the 6.39 mark. At the same time, the offshore RMB fell nearly 30 points against the US dollar in the short term. As of 9:32, the onshore and offshore RMB were reported at 6.3888 and 6.3842 against the US dollar respectively.
On the same day, the central parity rate of RMB against the US dollar rose 108 basis points to 6.3924 compared with the previous trading day.
Recently, the RMB has appreciated rapidly and maintained its strength. Zhong Zhengsheng, Ping An’s first economic team, believes that looking forward to the future, the short-term US dollar index still has a strong driving force, and the driving force for further appreciation of the RMB exchange rate is weak; In the medium term, the convergence of the economic growth gap between China and the United States in 2022 may cause some depreciation pressure on the RMB exchange rate; But in the long run, China's current account surplus year after year and the international capital flow situation are improving, supporting the long-term center of the RMB exchange rate. In addition, the approximate rate of RMB exchange rate will continue to fluctuate in both directions and increase its elasticity in the future.
Short comments: The most direct impact of RMB appreciation on export-oriented industries is the relative increase in export prices, which means that the price competitiveness of Chinese products abroad has decreased.
The Fourth Session Of The Standing Council Of China Packaging Federation Was Successfully Held in ShanghaiJuly 1, 2022On July 13, 2021, China packaging federation ninth session of the standing council four times in Shanghai, China packaging federation President li hua, vice President and secretary general Wang Yue me...view
Functionality and Design of Barrel Ring ClampsFebruary 5, 2024When it comes to ensuring the stability and security of various objects, barrel ring clamps play an important role. These versatile clamps are designed to provide a tight and secure grip around cylind...view
The Process of the Drum flangeMay 26, 2023The production process is mainly divided into forging, casting, cutting, rolling these four kinds. (1) Casting flange and forging flangeCasting out of the flange, blank shape size is accurate, process...viewSimulation Design Of Metal Packaging ContainerJuly 1, 2022CAM (Computer Aided Manufacturing), also known as computer-aided manufacturing technology, is the use of computer aids to complete the production process from product return, processing to assembly pr...view
Jiande Xuheng Innovative Robot Into The Steel Barrel Production Line, Simple And Fast, Smooth Silk!June 30, 2022Every time go out for a walk, will find the enterprise in the production automation and intelligent innovation and improvement.In May, I went to Tianjin and saw Tianjin Mingbo's newly developed in...view
Sudden! Fire Broke Out in Barrel Factory in Wenzhou, ChinaJuly 1, 2022At about 12:10 p.m. on August 11, a netizen said that a plant at the intersection of Longgang Dongcheng Road and Rainbow Avenue had a fire, and thick smoke obscured the sky and the sun at the scene! I...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
