Ministry Of Commerce: RMB Devaluation Is Very Good.
China's Ministry of Commerce said Wednesday (December 7th) that it is currently facing the outside world.
Trade
There are still unbalanced, uncoordinated and unsustainable problems, which are mainly manifested in the growth and growth of exports, which mainly depend on input and consumption of resources, energy, land, labor and environment.
The Ministry of Commerce issued the white paper on China's foreign trade at the Information Office of the State Council. The above-mentioned problems also lie in the lack of investment in technology, management and innovation in terms of export growth, and the development of foreign trade.
Resources
The contradiction between energy supply and environmental carrying capacity has become increasingly prominent, and the scale and level of foreign trade in the central and western regions are still relatively backward.
Commerce ministry officials pointed out that China needs to improve the quality and efficiency of Global trade and not deliberately pursue the trade surplus. It is estimated that China's imports will exceed US $8 trillion in the next 5 years.
And pointed out that the global economic recovery is facing long-term challenges.
The Ministry of commerce also said that the depreciation of the RMB exchange rate is very good, indicating that the RMB exchange rate is not manipulated by the Chinese government.
market
Adjustment.
Recently, because of China's economic slowdown and hot money running away and other doubts, the RMB exchange rate depreciated signals. Recently, the RMB has hit the limit price for five consecutive days against the US dollar.
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