Foreign Trade Enterprises Still Face Serious Exchange Rate Situation
ANBOUND
Judging from the exchange rate situation that Chinese foreign trade enterprises face, the pressure of exportation is huge. ANBOUND research team believes that the exchange rate policies are unlikely to be changed to give way to foreign trade enterprises. And the implementation of "belt and road" strategy requires internationalization of Renminbi. Meanwhile,Since China is trying to add Renminbi in SDR currency basket, it is very important to keep relatively stable Renminbi's exchange rate. Thus, the strong status of Renminbi exchange rate will continue. The foreign trade enterprises are still facing serious exchange rate situation.