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Industry News | Time: Jun 22 2017 3:59PM
[2017 China Yarn & Fabric Summit (The 6th Imported Yarn Forum)]Global macroeconomic situation and RMB exchange rate forecast
 
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Xiao Lisheng, from Institute of World Economics and Politics, Chinese Academy of Social Sciences delivers his report of Global macroeconomic situation and RMB exchange rate forecast

Mr. Xiao firstly introduces the trend of macro economy. Major developed markets have shown signs of recovery, and the situation in emerging markets also improved since 2016. However, the economy also faces some pressures. China鈥檚 economic indicators were good in the first quarter of 2017, while other markets faced downward pressure, including geopolitical risks, potential fall in US economy, liquidity turning point and tightening financial regulations, etc.

Then Mr. Xiao explains the reasons of the slump in USD index, as well as the reasons of reform on RMB exchange rate. After adding the 鈥淐onversion period factor鈥, RMB depreciation pressure may lighten but the expectation will remain.
[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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