U.S. media reports that the RMB against the US dollar (March 6) has fallen significantly, and China's GDP growth target set this year is not as good as market expectations, which disappoints investors.
According to the Wall Street Journal, as of 4:30 pm on Monday, the China Foreign Exchange Trading Center data shows that it was reported to RMB 1 to RMB 6.9194 in the shore, compared with the official close of last Friday (3rd) last Friday (3rd)The price of 6.9002 yuan fell 192 points, a decrease of 0.28%.
According to Wan De, the RMB is 1 US dollar against RMB 6.9030 and 6.9256 yuan within the daily height of the shore.
As of 4:30 pm on Monday, the offshore RMB was reported to RMB 1 against RMB 6.9318, down 350 points or 0.50%, and the minimum of 6.9330 yuan during the day.
Reported that China Government Work Report The growth target of the total value (GDP) is about 5%, and the lowest target of more than 20 years has been set; considering that the GDP increased by only 3%last year, it failed to complete the predetermined target, and the low base caused by it.Failure to expected, and the goal reflects the government's prediction of challenging the economic operation this year.
At the same time, it is planned to arrange the deficit rate of 3%and the special bonds of local governments based on the 3%arrangement this year. Although it has increased from the previous year, it is also obviously more conservative.
The four PMI data released last week rebounded significantly. The Qichuang stage was new, which strengthened the expected economic recovery expectations. At that time, the RMB rebounded sharply.
In addition, the government work report also pointed out that this year, we must maintain the basic stability of the RMB exchange rate at a reasonable and balanced level this year.
