Notice of RetractionAnalysis on impact of RMB exchange rate reform on foreign direct investment

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

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RMB exchange rate reform in 2005 has exerted certain impact on foreign direct investment (hereinafter referred to ldquoFDIrdquo). Generally speaking, the macro-impact is not apparent, while the micro-impact is obvious, for example, enterprises speeding up actual capital input, and the desire of exchange settlement of capital of foreign-funded enterprises being strengthened etc. In addition to the exchange rate reform, factors affecting FDI also cover a series of economic and financial macro-control measures, therefore, it is imperative to advance RMB exchange rate reform actively and soundly, further improve RMB exchange rate formation mechanism, reasonably direct RMB exchange rate expectation; further exert overall efficiency of exchange rate policies in combination with other macro economic and financial policies; strengthen the adjusting effect of exchange rate on FDI; appropriately adjust capital exchange-settlement system; improve capital inflow management method; and establish balanced management outlook, strengthen non-on-the-spot monitoring and supervision and direct foreign capital flow orderly.