First The exchange rate of the yuan has been relatively stable this year, and even at one time there was a downward trend against the U.S. dollar, it is not that we defeated the United States in the exchange rate war, but we then made huge concessions in other areas, allowing U.S. investment institutions to enter China, which is disastrous for the next ten years in China.
The stabilization of the renminbi still has a certain benign effect on China's exports, which also provides a possibility of increasing exports. After all, China is the world's foundry, and if the renminbi continues to appreciate, the cost of the products coming out of these foundries back to Europe and the United States will be correspondingly higher.
Secondly, China's exports are increasing, it is not true, but we must understand what products are exported, to give a simple example, APPLE's series of products in our OEM production, such as Foxconn, after the product is ready, Foxconn will be these finished products "sold" to the world, the approximate amount of more than 7 billion U.S. dollars, the vast majority of the profits to APPLE all. The vast majority of profits to APPLE all, although the selling price is very high profits, but left the Chinese residual value of the poor, the same industry there are many, such as medical equipment machine, machinery and equipment in the key components, etc., the specific data I did not find, but definitely not a small number. China's exports increased, can only show that the foreign economy is recovering, and China has nothing to do (recently there has even been a part of the manufacturing industry back to Europe and the United States phenomenon).