"'China is considering the use of the RMB devaluation to deal with the current trade disputes with the United States,' was hyped by a few speculators, intended to confuse the public, try to seize the opportunity to profit or explore policy orientation, hope the market participants will enhance their resolution ability and prevent misguided." The former Director of the international payments Department in SAFE Guantao said in an interview in April 10th.

Journalist: We note that in April 9th, you published a view on the exchange rate of RMB. At the same time, the foreign media said, "China is considering the use of RMB devaluation to deal with the current trade dispute with the United States." How do you think for that?

Guantao: Since 2017, with the balance of cross-border capital flows and the rational market differentiation, the central bank should gradually withdraw from the normal foreign exchange intervention, and the market supply and demand play a decisive role in the current exchange rate formation. The RMB exchange rate has been rising and falling, floating in two directions and increasing in elasticity, playing the role of exchange rate as an automatic stabilizer of macroeconomy. From the current fundamentals and capital flows, this favorable situation is expected to continue. "China is considering the use of the RMB devaluation to deal with the current trade disputes with the United States," was hyped by a few speculators, intended to confuse the public, try to seize the opportunity to profit or explore policy orientation, hope the market participants will enhance their resolution ability and prevent misguided. 

Now all products price are keep increasing under the effect of material price and exchange rate in electrical industry. Such as extension socket, switches and sockets, metal electrical box etc. If the trade war with USA continue, We suppose the price will still high and won't come down in future days.