Strong Renminbi Policy & the Coming of Age of China's Outward FDI

This,we believe,will be the year of Beijing's strong renminbi policy.Despite concerns about exports,we believe Beijing will keep the CNY pegged against a strong dollar.Combined with cheaper commodity prices and the pressing need of many overseas commodity firms to deleverage,this will create the perfect opportunity for China's firms to significantly ramp up their outward foreign direct investment (FDI).