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Since May, the RMB has been rapidly appreciating against the euro. What impact does this have on China-EU trade? What's MOFCOM's view on the next stage?(2022-07-21)

Exchange rate fluctuations result from a combination of various factors in the market and have multidimensional impacts on trade, investment and other business activities. We have always been encouraging and supporting enterprises to view exchange rate changes objectively, adapt to the changes proactively, and continuously improve exchange rate risk management through market-based approaches such as hedging tools in order to operate more prudently. Since the beginning of this year, China-EU trade has been developing steadily. In the first half of 2022, bilateral trade reached USD420.6 billion, a year-on-year increase of 8.4%. It is expected to maintain sound development throughout the year. Thanks.