Views: 0 Author: Site Editor Publish Time: 2021-05-18 Origin: Site
2016 "Broken 7" one step away
The decline in foreign trade in 2016 has narrowed compared to 2015. The good news is that both imports and exports achieved positive growth in the fourth quarter.
Internationally, the United Kingdom passed a referendum on "Brexit" and Trump won the election, all of which added uncertainty to the international economy. At the end of December, the onshore renminbi exchange rate against the U.S. dollar stood at 6.9633. This is the first time after the "8.11" exchange rate reform has faced this psychological barrier directly.
2017 Environmental Inspector
In 2017, there were two major events that increased the pressure on foreign trade personnel. One was the "strictest" environmental supervision in history. By the end of 2017, the central environmental protection inspector had achieved full coverage of 31 provinces, and key areas were strictly "supervised". It is the appreciation of the renminbi. Although the exchange rate once approached the “7” mark in 2016, it did not “break through 7”. In 2017, the renminbi exchange rate appreciated by 6%. On the last trading day of 2017, December 29, the central parity of the RMB against the US dollar was quoted at 6.5342.
This year's foreign trade finally turned from negative to positive, achieving double-digit growth, of which export growth was 10.8%.
