*** The exchange rate against the U.S. dollar hit a 16-year high

*** The exchange rate against the U.S. dollar was hitting a new high since the launch of the 1994 *** deal for two consecutive days. The central parity of the US dollar exchange rate announced yesterday by the China National Security Center was 1 US dollar against 6.7250 yuan, down from 6.7378 yuan on Tuesday.

Compared with the previous trading day, yesterday's *** price rose sharply by 128 basis points against the U.S. dollar, which was the highest since the U.S. dollar exchange rate for the fourth consecutive trading day.

In response to the recent “voice” of the US’s repeated pressure on the exchange rate, Ministry of Commerce spokesman Yao Jian said yesterday that the United States would not confuse the Sino-U.S. trade import and export trade with the exchange rate issue. This is unreasonable. "As the complementary advantages of China's manufacturing industry and the advantages of the U.S. service industry, it should be said that in the economic and trade exchanges between the two sides, the economic interests are also complementary." Yao Jian said that China's trade surplus with the U.S. is only one aspect of the two economies and cannot Based on this, we can judge China’s trade interest and the reasonable price of the exchange rate.

Yao Jian pointed out at the same time that from January to July of this year, the United States’ exports to China increased by 36%, which was 15 percentage points higher than China’s exports to the United States, and China’s share in the US’s export market had reached 6.8%, compared with 2008. Increased by 1.4%. Therefore, from the perspective of changes in the trade structure over the past two years, the economic interests of China and the United States are complementary.