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Chairman Hu has refused to appreciate the RMB since it will affect too much on China's economy. the appreciation of RMB yuan will incur more disadvantages than advantages to the sustainable development of the Chinese economy, nor will it help improve the Japanese and American economies.
The US will never dare to label China a currency manipulator so apparently. RMB is seen up and down these years, and the advantages of China's goods exported have been declining and Indonesia and other Asia countries become the manufacturing center of the world. the proportion of imports in China's trade volume grows gradually.
the RMB, absolutely, will continue to appreciate in the next two years, and some new measures will be taken by us. CJKFTA(free trade area of China, Japan, and Korea) will be built up in the near coming year, and the settlement service in RBM in international trade will be adopted with the appreciation and great importance of RMB.
So, it is not so bad, right? do not worry too much, we have our own solutions.
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