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| Author: | Wu, Jun Wang, Zhiqiang |
| Title: | Illustrative analysis on Renminbi exchange rate (original in Chinese) |
| Journal: | China's Economic Problems (c)
2000 : 1, p.39-43 |
| Index terms: | EXCHANGE RATES CHINA MONETARY POLICY |
| Language: | chn |
| Abstract: | Using relative price level to make international comparison, at present, Renminbi is not overrated. Comparing with countries with the same development level, Renminbi exchange rate is still higher than the low level. From the long-run point to view, Renbinbi has a great potential power to appreciate. Currently, to keep steadiness of Renminbi exchange rate is favorable for healthy development of China economy, furthermore, it is also in line with the long-term benefits of foreign trade sectors. |
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