Small impact on exports

Toronto - China's foreign exchange reform and currency appreciation will not lead to a sharp change in its exports or diminish protectionist measures against China, a Ministry of Commerce official said.

Yu Jianhua, director-general of the ministry's department of international trade and economic affairs, also said he felt "unhopeful" about the country's export prospects in the second half of the year.

He believes exports will suffer from "the global economic recovery, suspended European debt crisis and rising costs of recruiting labor and raw materials".