The central bank: Overall, about 60% of import and export trade are minimally affected by exchange rate fluctuations.

People's Bank of China News Spokesperson and Vice President Zou Lan stated at the press conference of the State Council Information Office on January 15 that the People's Bank of China continues to improve the policy arrangement for the cross-border use of the renminbi, supporting financial institutions to enrich and improve exchange rate hedging products, enhance the ability of foreign trade enterprises to cope with exchange rate fluctuations, and strengthen the resilience of the foreign exchange market. Foreign trade enterprises conducting cross-border trade settlement in renminbi can basically avoid the impact of exchange rate fluctuations, with this proportion currently at about 30%. The proportion of foreign exchange hedging through settlement in foreign currencies has also risen to around 30%, allowing enterprises to lock in exchange rate costs in advance and avoid the impact of exchange rate fluctuations on production and operation. Overall, about 60% of import and export trade is relatively immune to exchange rate fluctuations. Furthermore, with the continuous deepening of high-level institutional opening up and the continuous improvement of financial service levels, it is expected that this proportion will continue to rise.