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The possibility of gradual appreciation of RMB large
 
<  2010.4.22 >   hits:1194  【Font: large Mid Small

The possibility of gradual appreciation of RMB large

(From:CMB-CETA Editor)

Currency exchange rate as the price of the economic impact is enormous, and therefore the adjustment of exchange rate policy the Government is careful, comprehensive consideration to the balance of trade, foreign exchange reserves value changes, hot money flows, the international community's response to such factors. Wen Jiabao in the "Government Work Report", adopted a "keep the RMB exchange rate at a reasonable and balanced level basically stable" in reference to; Zhou Xiaochuan at the open press conference, expressed China's cautious approach to exchange rates, intended to dispel the market on the near-term sharp appreciation of the RMB exchange rate expectations. While China's long-term trend of economic growth, the RMB exchange rate is the general direction, but we think that the future revaluation of the path will still continue in 2008, before the gradual appreciation of the track, rather than a sharp appreciation of the managed floating exchange rate system will policy to provide maximum flexibility. (Source: Shanghai Securities News)

 

 
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