As an international business man, we always pay attention to the exchange rate of the US dollar against the RMB. On March 10, at the press conference of the two sessions, the head of the central bank explained the exchange rate issue.

President Yi Gang said: "China and the United States have indeed discussed the exchange rate issue during the just-concluded seventh round of trade negotiations. In fact, the exchange rate issue has always been an important issue for bilateral and multilateral platforms such as the G20 and the International Monetary Fund. It has been discussed for a long time. The discussion on the exchange rate issue between China and the United States has been for a long time, and it is not the first time. For example, under the framework of the previous China-US Strategic and Economic Dialogue and the China-US Comprehensive Economic Dialogue, Exchange rate issues have been discussed.

Many important issues we discussed this time, I can give you a few examples here. For example, first, we both discussed how to respect each other's monetary authorities in determining monetary policy autonomy. Second, we discussed the principle that both parties should adhere to the market-determined exchange rate system. Third, we discussed the commitment of both parties to comply with the previous G20 summits, such as not engaging in competitive devaluation and not using the exchange rate for competitive purposes. And the two sides maintain close communication on the foreign exchange market. Fourth, we also discussed important issues such as the commitment of both parties to disclose data in accordance with the International Monetary Fund's data transparency standards. The two sides reached consensus on many key and important issues. Thank you. ”

It is not difficult to see that in the coming months, the exchange rate of the US dollar against the RMB has remained basically stable. This is also more conducive to our bilateral and multilateral trade with the rest of the world.

Under various favorable national trade policies, Tianjin Xinyue will, on the one hand, carry out production in accordance with national policies, utilize our production capacity, at the same time, ensure product quality, control other points of orders when increasing sales, and serve customers more and better.We hope that in the future international market, the brand display of Xinyue is not only a production enterprise, but also a one-stop service platform integrating products, services and concepts.Hope to continue to get all our partners as always support!

Written by Selena