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.
Please Keep These Points in Mind When Handling Dangerous Chemicals!July 1, 2022On June 12, a vehicle leaked while unloading methyl formate from Sanqiang Xingxing Chemical Trading Co., Ltd. in Guiyang, Guizhou province, killing eight people and injuring three others, once again a...view
Understanding the Significance of Using Lid Clamps to Secure Barrel LidsJanuary 18, 2024Barrel lid clamps are an essential component when it comes to securing barrel lids. Whether you are a wine enthusiast, a craft beer brewer, or someone who works in the food industry, understanding the...view
Precautions for Using an Open Steel BarrelNovember 10, 2023Basic requirementsBefore using the drum, fully understand the properties and condition of the contents to be contained.In the case of improving the contents or packaging new products, carefully inspec...viewGalvanizing ProcessOctober 25, 2023Today, the main focus is on the surface treatment galvanizing process of stainless steel products. The purpose of galvanization is to prevent corrosion on steel. Steel is susceptible to corrosion in t...viewEnvironmental Progress of Steel Drum ClosuresJune 10, 2023Electroplating, painting and other processes in the production process of steel drums are major causes of water pollution and air pollution. Therefore, in the cause of environmental protection, our st...view
Tinplate Cap Seals With LogosMay 16, 2023Tinplate cap seals with logos are a popular choice for sealing bottles and containers in a variety of industries. These seals are made from high-quality tinplate and are designed to provide a secure a...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
