China’s vice minister of commerce, Fu Ziying, has said that the country should enlarge its global market share while the RMB is appreciating.
As the RMB increases in value, costs to exporters increase, but it
lowers import costs. Fu Ziying thus suggested that Chinese exporters
make use of the opportunity to acquire or merge with foreign companies
and expand overseas production.
The country is expected to see a swell in overseas expansion in the
next five to 10 years, from manufacturers to service providers and trade
ministry advised that the government should offer tax breaks and ease
foreign- exchange usage for companies that want to expand abroad.
The RMB has seen gains of seven per cent last year. Non-financial overseas investment by Chinese companies have also risen by
6.3 per cent to USD18.7 bn in 2007.
News & Interviews 
(0 vote)
