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Thread: How do you think of the appreciation of RMB?
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[quote=ZOEY,234861]Since the Fixed Exchange Rate Reform, the appreciation of RMB has increased 5.94%. And it is estimated that the appreciation of RMB may speed up this week and the currency was 7.6523 against US dollar on last friday up from 7.6683. Analysts expected the currency to settle below 7.5 by the end of this year. Although the appreciation of RMB speeds up quickly, US is still dissatisfied with it and require higher appreciation to settle the Sino-US trade imbalance. Actually if the appreciation of RMB speeds up too quikly, it will bring more harms to Chinese enterprises, for example, the decrease of exports. More seriously, China economy will be affected. Any comments on this? Glad to hear your voice. [/quote]
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