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| Tekijä: | Zhang, Fanggao Kang, Xiuhua |
| Otsikko: | Discuss on the long-term trend that the RMB appreciates with respect to the US dollar (original in Chinese) |
| Lehti: | Research on Financial and Economic Problems (c)
1999 : 9, p.42-45 |
| Asiasana: | DOLLARS EXCHANGE RATES CHINA |
| Kieli: | chn |
| Tiivistelmä: | It is thought that the great difference aroused by the two methods, exchange rate method and purchasing power parity method, using which to calculate China GDP and per capita GDP, makes it possible for RMB long-term appreciation. Basic conditions as well as radical and direct power for RMB's long-term appreciation are offered as follows: (1) sustainable and rapid growth of China economy as well as low inflation; (2) technology advancement and improvement of production efficiency; (3) adjustment and upgrading of industrial structure, and (4) the development of import import-export trade and increase of foreign exchange reserve etc. |
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