Fall of Euro Exchange Rate Will Bring New Benefits for China
ANBOUND
With the drop of Euro exchange rate against U.S. dollar, many large banks lowered their expectation of Euro exchange rate. In the opinion of ANBOUND research team, with different monetary policies of European and American central banks, there is even possibility that euro exchange rate against US dollar will fall to 1. The drop of euro exchange rate will bring new benefits for China. Currently, Chinese enterprises are actively "going global." In 2014, China was a net capital exporter, with European being one of its most important destinations. With Euro exchange rate falling, assets in euro-zone become more attractive for Chinese enterprises. Meanwhile, European enterprises in depressed economic condition will be gladder about the coming of Chinese capital.