Jinhua Exported 48 Million 310 Thousand Yuan To Australia In January.

according to

Customs statistics show that in January 2016, Jinhua exported 279 million yuan to Australia, an increase of 12.5% over the same period last year.

In Jinhua, the export of electromechanical products, clothing and high-tech products to Australia was 146 million yuan, 48 million 310 thousand yuan and 16 million 530 thousand yuan, respectively, increasing by 28.5%, 7.5% and 1.7 times respectively.

Thanks to the Australian side's zero tariff on 90% of Chinese products, such as textiles and garments, Jinhua has knitted sweaters and T-shirts.

The number of products exported to Australia increased by 1.4 times, 1.2 times and 1.2 times respectively.

Jinhua customs analysis.

The dual role of tax rate reduction has boosted exports to Australia.

On the one hand, the domestic industry in Australia is dominated by services, mining and agriculture. It has strong rigid demand for Zhejiang's primary industrial products and cost-effective labor-intensive products.

On the other hand, thanks to the Sino Australian FTA, more than 90% of Zhejiang's electromechanical products and more than 70% labor products have been reduced to zero tariff, and Zhejiang's competitive advantage has further emerged.

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The data released by China Foreign Exchange Trading Center (CFETS) on Monday (March 14th) showed that the RMB exchange rate index on Friday (11) was 98.82, down 0.34% from the previous week, down 1.18% from the end of 2014, and the index has reached its lowest level since the announcement. Of course, the overall volatility is still quite limited.

The exchange rate index of currency basket and special drawing rights (SDR) basket released by CFETS at the same time is 100.05 and 97.77 respectively, 0.29% and 0.41% lower than that of the previous week, respectively, compared with 0.05% at the end of 2014 and 2.23% at the end of.

The yuan rose 0.36% against the US dollar last week, as the dollar index fell further by 1.20%.

By the end of 2014, the renminbi still fell 4.53% against the dollar, while the dollar index rose by 6.54%.

China's currency network has issued a commentator's article that the RMB exchange rate index did not change much in February and remained basically stable for a basket of currencies. In the future, the central parity of RMB will continue to exhibit the characteristics of "closing exchange rate + exchange rate of a basket of currencies".

Analysts pointed out that the prediction of the middle price is stronger and the price of the intermediate price is more pparent.

In December 11, 2015, CFETS announced the first three RMB side exchange rate indices based on different weights. Subsequently, the commentator of China's currency network said that the RMB exchange rate has the basis for maintaining a stable base on a basket of currencies.

To facilitate market members and the public to obtain CFETS series of RMB exchange rate index data, since February 22, 2016, the China foreign exchange trading center has displayed the RMB exchange rate index function in China's currency network and regularly issued RMB exchange rate index data.