China's foreign exchange regulator says the recent devaluation of the Russian ruble has had very little impact on the country's cross-border capital flow.
Wang Yungui is the director of the General Affairs Department of the State Administration of Foreign Exchange.
"The sharp devaluation of ruble hasn't made obvious impact on our country's transnational capital flow. The ruble devaluation certainly represents the appreciation of RMB, which is also a result of the market. We wish Chinese enterprises and financial institutions to use forward and swap facilities to avoid risks, and propel the development of the Sino-Russian trade."
He also adds that China and Russia are close trade partners and healthy bilateral trade is expected to continue.
China's exports to Russia increased more than 10 percent year on year and imports nearly 3 percent in the first three quarters of the year, with total trade volume valued at some 70 billion U.S. dollars.
