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Thread: Can RMB devaluation encourage exports?
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[quote=YVONNE,336523]China's trade surplus has soared 30 percent in October to $35.2 billion, a new high for a third straight month. However, its exports have been greatly affected by global financial crisis. Yesterday, Zhou Xiaochuan, the president of the People's Bank of China said that China might devalue RMB to stimulate its exports in order to keep its economy grow. Is this a good idea? Mr Lu, an economist, says that exchange rate devaluation will benefit those export companies in all industries. It also can lessen the burden of government finance. However, I wonder if RMB devaluation will scare away those investors in China. What do you think?[/quote]
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