European quantitative easing policy lead to the depreciation of the RMB exchange rate, but this depreciation is being carefully and intentionally observed by China’s central bank to observe the actual impact on the Chinese economy. A more flexible and internationalized RMB will be better to guard against depreciation.
Yi Xianrong, Researcher, Chinese Academy of Social Sciences via CHINA US Focus http://ift.tt/17EvpRd
Yi Xianrong, Researcher, Chinese Academy of Social Sciences via CHINA US Focus http://ift.tt/17EvpRd
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