How no matter between the world principal currency the exchange rate does fluctuate, the RMB rate has been maintaining the relative stabilization. This fact indicated that a Japanese Yen strength is opposite in US dollar strength, is not big with the RMB rate concern relation, euro near section time revaluation, is also is opposite in US dollar exchange adjustment, but is actually maintaining with the Renminbi exchange rate invariable. The question is very obvious, was US dollar market fluidity increases has caused the currency revaluation which in the exchange rate market might exchange freely.RMB is innocent.
American manufacturer insists to declare that the Renminbi is underestimated 40%, caused the American manufacturing industry to lose several million employment opportunities.
Under pressure, Chinese in June lifts heavy objects opens the more nimble exchange rate system, the Renminbi has revalued approximately 2.3%.
If does not have “the Renminbi artificial underestimate” originally the question, Chinese side's compromise has become that the truly artificial underestimate currency value self-confirmation. Gets to know the benefits of the US and Europe increase the weights suddenly, disliked that the Chinese side revaluation speed is insufficient. Zhou Xiaochuan recently indicated that will not have anything “the shock treatment”, the Chinese side according to own plan “the evolution” the revaluation.
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