Abstract

RMB exchange rate reform in 2005 has exerted certain impact on foreign direct investment (hereinafter referred to ldquoFDIrdquo). Generally speaking, the macro-impact is not apparent, while the micro-impact is obvious, for example, enterprises speeding up actual capital input, and the desire of exchange settlement of capital of foreign-funded enterprises being strengthened etc. In addition to the exchange rate reform, factors affecting FDI also cover a series of economic and financial macro-control measures, therefore, it is imperative to advance RMB exchange rate reform actively and soundly, further improve RMB exchange rate formation mechanism, reasonably direct RMB exchange rate expectation; further exert overall efficiency of exchange rate policies in combination with other macro economic and financial policies; strengthen the adjusting effect of exchange rate on FDI; appropriately adjust capital exchange-settlement system; improve capital inflow management method; and establish balanced management outlook, strengthen non-on-the-spot monitoring and supervision and direct foreign capital flow orderly.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.