China,s taxation of goods to the US (second batch) is open t

China's taxation of goods to the US (second batch) is open to the exclusion system

According to the Ministry of Finance, the US and Canada tariff-free goods (second batch) exclusion reporting system was opened on August 28, 2019. According to the announcement, the enterprises and associations in China can register and log in through the website of the Ministry of Finance's Tariff Policy Research Center (https://gszx.mof.gov.cn) and begin to fill out the exclusion application. On September 2, the exclusion reporting system formally accepted the second batch of product exclusion applications.

 

 

Yesterday, the central parity of the yuan depreciated against the US dollar and the euro, and appreciated against the yen.

 

Yesterday, the exchange rate of the RMB against the US dollar was slightly depreciated. The central parity of the RMB against the US dollar was 7.0858, which was 23 basis points lower than the previous trading day of 7.0835.

Yesterday, the exchange rate of the RMB against the euro was slightly depreciated. The central parity of the RMB against the euro was reported at 7.8902, which was 13 basis points lower than the previous trading day of 7.8889.

Yesterday, the RMB exchange rate against the 100 yen exchange rate rose sharply. The central parity of the RMB against the 100 yen exchange rate was 6.7174, an increase of 122 basis points from the previous trading day of 6.7296.

 

Offshore RMB depreciated against the US dollar today, appreciation against the euro, no change to the yen

 

Today, the offshore RMB exchange rate against the US dollar has slightly depreciated. As of the date of receipt, the highest exchange rate of offshore RMB against the US dollar was reported at 7.1443, which was 8 basis points lower than the previous trading day's closing price of 7.1435.

Today, the offshore RMB exchange rate against the euro slightly appreciated. As of the date of receipt, the highest exchange rate of offshore RMB against the euro was reported at 7.8978, which was 11 basis points higher than the previous trading day's closing price of 7.8989.

Today, the offshore RMB has no change in the exchange rate of 100 yen. As of the date of receipt, the highest exchange rate of the offshore RMB against the 100 yen is reported at 6.7000, which remains unchanged from the previous trading day's closing price of 6.7000.