Department of Commerce: Chinese exchange rate reform on overseas enterprises impact is positive

Information Office press release describes China foreign investment cooperation, the foreign investment cooperation development report 2010 "and" foreign investment guide published today, the Vice Minister of Commerce Chen Jian, at the press conference indicates that the default currency of appreciation must be conducive to foreign investment. But also on its export have a negative impact, the Chinese exchange rate reform on the impact of China's overseas enterprises must be positive.

At the briefing, a reporter of the "report problems with the appreciation of the renminbi in China's foreign investment has also created a certain impact, do you think China's exchange rate reforms to the end of China's overseas enterprises will produce what kind of impact?"

To answer this, Chen Jian, said: "from general economic theory, the local currency appreciation must be conducive to foreign investment. But also on its export have a negative impact. You would like to use this topic to understand Chinese RMB. This impact must be positive. ”