The Ministry Of Foreign Affairs: It Is A Short-Sighted Move To Push The RMB Appreciation In All Ways.

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Jiang Yu replied that since 2005, the RMB has appreciated 23.5% against the US dollar.

To further push forward the reform of exchange rate formation mechanism, we must adhere to the market supply and demand and adjust it with reference to a basket of currencies.

Since June 19th this year, the RMB exchange rate has been floating in two directions, the elasticity has increased significantly, and the response has been stable in various aspects. The appreciation of the renminbi is not strong enough.

China's efforts to expand domestic demand and adjust its structure are also sincere and effective.

Jiang Yu said: Recently, there are some discordant voices in the United States accusing the RMB exchange rate, and it is unwise and short-sighted to propose that all possible ways to promote the appreciation of the renminbi will be put forward.

RMB exchange rate floating can not solve the problem of specific countries.

Jiang Yu said that at present, China and the United States should focus their efforts on the core concerns of promoting a solid economic recovery.

As a reserve currency issuing country, the United States should continue to implement responsible fiscal policies and monetary policies so as to maintain relatively stable exchange rate of major international currencies and make due contributions to the global economic recovery.