What is Kris Draper Jersey , How to & Tips | RMB Exchange Rate Policy Strategy Appropriate adjustment of RMB exchange rate policy, to resolve the risk of trade war is precisely to protect the interests of the Chinese economy means. More importantly, the moderate appreciation of the yuan, also in line with the requirements of the domestic economic restructuring. In the discussion of exchange rate policy, we must first make the current exchange rate of a judge. Domestic and foreign academics in the end the yuan is undervalued against the number of different views, but may be underestimated that there is consensus. Be it Chinas external economic imbalances or see a substantial increase in productivity over the past 30 years, modest appreciation of the yuan is determined by economic fundamentals, rather than create new distortions.
Of course, since the RMB exchange rate mechanism is a managed float, it is not simply determined by market supply and demand, the government in the implementation of the policy adjustment, should be taken into account the economic situation at home and abroad.
According to my understanding, June 19 no significant appreciation of the yuan since, mainly for two reasons, first, the worsening debt crisis, Europe to increase the world economy, second bottom of the risk, or by export industries representatives put pressure on domestic interest groups, especially the government worried that the decline in exports Justin Abdelkader Jersey , leading to job losses. These problems are real, however, is like a stress test done by some departments are warning, more than 3% appreciation of the renminbi could give the economy a devastating blow? Im afraid not, at least this is China in 2005 -2 008 years, the steady appreciation of the yuan is not consistent when the economic situation.