RMB Exchange Rate Stability Crucial for China's Economic Growth
The study looked at whether the value of China's currency, the RMB, should be changed. It found that there are pressures for the RMB to appreciate from other countries, China's economic surplus, and exchange mechanisms. However, there is also pressure for the RMB to depreciate from China's internal economic sector. The researchers concluded that, considering both external and internal economic factors, the RMB should remain stable for now.