Restarted Exchange Rate Reform Raises New Doubts on RMB Appreciation
2010-12-31 00:00:00ByZhangXueqing
China’s foreign Trade 2010年14期
The-de-pegging of RMB ex-change rate from thc US dol lar does not lead toa substan— tial change in the exchange rate in the short term. Considering the future regime， if the European financial crisis was not lessened， the Euro and other major currencies would continue to devalue against the U.S dollar and the RMB would probably follow suit.
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