according to Xinhua, the third round of Sino-US strategic and economic dialogue will be held in Washington on May 9, the Renminbi exchange rate is expected to be one of the key issues. Analysts noted that the rapid appreciation of the RMB against the dollar signs clear, this is the economic situation at home and abroad especially comprehensive result of multiple factors such as weak dollar, currently require highly vigilant influx of hot money risk.
according to monthly data showed foreign exchange Trade Center, this year, the monthly average exchange rate of the Renminbi against the dollar since per cent in January monthly rises to per cent in March. Especially after the two weeks since April, signs of appreciation of the Renminbi against the dollar quickly becoming increasingly clear.
a few days previously, successively against the middle price broke through the important mark of 6.51 and 6.5, continuous refresh record.
"a weaker US dollar is the main reason for the appreciation of the RMB to accelerate. "CCB International Research Department, Managing Director and co-head of Su Guojian believes that there is no doubt that dollar is heading for the socially disadvantaged. Earlier in the United States announced that Al-Qaida leader bin Laden after he was shot, the dollar rose modestly, and soon after fell into a vulnerable again.
the long term, appreciating is essential, but bad too-rapid appreciation in China's economic stability.
