RMB's Exchange Rate Imbalance Decreases, Urging Continued Reform Efforts.
The article analyzes the exchange rates of the Chinese currency, RMB, from 1997 to 2009. The researchers looked at the exchange rates with China's top 46 trading partners to estimate the equilibrium exchange rates and the degree of imbalance in the RMB's exchange rate. They found that in 2009, the RMB's exchange rate was more balanced compared to 2005. This suggests that the exchange rate reform strategy implemented in 2005 should continue gradually.
