The Adjustment Of Economic Structure Will Intensify &Nbsp, And RMB Exchange Rate Reform Or Dynamic Change.

RMB

The heat of exchange rate adjustment and exchange rate formation mechanism is gradually fading away. Whether China wants to adjust after the strategic and economic dialogue is no longer a problem.

Wu Xiaoling, vice president of the Central Bank of China and vice chairman of the finance and Economic Commission of the National People's Congress, said recently that the Chinese government's adherence to market-oriented reforms and increasing exchange rate flexibility will certainly be the way forward. But when this resilience is better restored, it is also necessary to choose a better opportunity.

Personally, she believes that the more important part of the RMB exchange rate is the formation mechanism of the renminbi.

Marketization

Therefore, China's production factor is relatively cheap, and the renminbi value seems relatively cheap.

The two is China's proposal to establish a reference currency package and a managed floating exchange rate system in the course of the reform. However, due to the advent of the financial crisis, China has not insisted on it for the time being.

"Because in the crisis, there are various aspects of the impact on enterprises. China does not want to create more uncertain factors for enterprises on the issue of exchange rate, so our floating range is very narrow."

She believes that if we increase the reform of domestic factor prices, we will adhere to a more flexible and flexible way.