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.
![[Knowledge Science] Lubricating Oil Application Common Problems Summary-2](/uploads/image/20220701/11/lubricating-oil-application-common-problems-summary_400x400.jpg)
[Knowledge Science] Lubricating Oil Application Common Problems Summary-2July 1, 202211. as long as the oil is frequently, almost lubricating oil can also be used?A: No, the low-grade lubricating oil will destroy the friction surface of the friction parts. The damage of the hardness l...view
Drum Liners for Steel DrumsApril 27, 2023Drum liners are an essential component for many industrial applications that require the transportation or storage of liquid or powdered materials. When it comes to steel drums, drum liners are partic...view
Steel City Or Moderate Rebound This WeekJuly 1, 2022In general, there are several reasons: mills' profits have shrunk;Last week steel prices fell, the market has stabilized or even rebound demand;Domestic and foreign price trend split, the price ga...view
Steel drum cap seal – Ensuring Safety and ProtectionJanuary 19, 2024Introduction:The Steel drum cap seal is an innovative solution designed to safeguard contents stored within steel drums. This article delves into the features, advantages, and applications of this dur...view
A Guide to UN-Rated DrumsAugust 1, 2023UN ratings, established by the United Nations, are an essential system for classifying and identifying the level of safety and suitability of containers used to transport hazardous materials. These ra...viewThe Dilemma Of Low Profit For Bottle CapsJuly 4, 2022As an integral part of the packaging bottle, the bottle cap mainly plays the role of sealing. Although the bottle cap is small, there are many types, covering a wide range of food, beverage, medicine,...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
