Vice Minister of Commerce: keeping the RMB exchange rate stable is beneficial to the world

Source: Internet
Author: User
Keywords China China
Tags agency basic development economic economic development economy exchange exchange rate
China News Agency, Birmingham, February 8 Chinese Vice minister of Commerce Zhongshan, said here 8th, to maintain the renminbi exchange rate of reasonable, balanced and basic stability, not only for China's benefit, the world economy is also beneficial. Mr. Zhong made the remarks at the "2010 China brand Commodities European exhibition" held in Birmingham, UK.  In response to a reporter's question, he said, China does have a lot of pressure on the renminbi, but he wants to say that keeping the renminbi's exchange rate reasonable, balanced and basically stable is not only beneficial to China but also to the world economy. On the question of the degree of dependence on China's economy, Mr. Zhong said that China's dependence on foreign trade has nothing to do with economic risk.  The degree of dependence on foreign trade is compatible with the degree of industrialization and the level of economic development of a country, China's foreign trade dependence is roughly equivalent to the level of the world average degree of dependence, so according to China's current level of economic development, China's foreign trade dependence is moderate. On Sino-British trade, Mr. Zhong said China's trade development over the past few years and the UK is relatively fast, China is interested in the British market, Britain is also interested in Chinese products, so according to market demand, Chinese enterprises are very willing to come to Britain, they come here not only to promote their products, They also buy the British products they need.
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