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Thread: China needn't accelerate the appreciation of the RMB?
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[quote=KATRINA,317995]Cheng Siwei, an influential figure in China's ecomonic policy making said China needn't accelerate the appreciation of the RMB against US dollar. His comments have made many Americans feel worried. They hope that the RMB can appreciate faster and faster. Why? They think that RMB rise will help "balance the world economies and improve prospects for US growth". According to Cheng Siwei, US dollar will not weaken forever and it maybe becomes stronger. In August, US dollar once rose very much. He also said that the RMB would appreciate against other currencies. He estimates that the oil prices will fall below 100 yuan again and China will soon cancel the fuel subsidies. What do you think of his assertion?[/quote]
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