The Chinese yuan appreciated slightly against the euro during the German chancellor's visit to China.

Bloomberg reported today: "At a time when German Chancellor Friedrich Merz is leading many German business leaders to visit China, he may be pleased to see that the Chinese yuan has finally started to appreciate against the euro."

Comment: A moderate strengthening of the Chinese yuan benefits the competitiveness of German goods in China and reduces investment costs in China, which aligns with the needs of bilateral trade and economic cooperation. This exchange rate signal also creates a positive atmosphere for high-level meetings between China and Germany, indicating that stable, mutually beneficial, and practical cooperation is the foundation of the common economic interests between China and Europe.

Original article: toutiao.com/article/1858159174472715/

Statement: The article represents the views of the author himself.