Business, Management and Accounting
8 years ago

US Economic Difficulties Exposed: RMB Exchange Rate Stability Crucial for China's Growth.

Pacific Journal
Researches on the Problem of the RMB Exchange Rate Stability in the Context of the Post-financial Crisis Era
Dou Xiang-sheng

Paper Summary

The RMB exchange rate is stable and suitable for China's economic development. China should maintain this stability, adhere to its sovereignty in setting exchange rates, and encourage investment abroad. The US is pressuring China to revalue the RMB, but China should focus on its own economic policies and resist external influence.

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