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BEIJING, Sept 30, 2010 - (ACN Newswire) - Cheaponsale.com's analyst pointed that recently RMB appreciation fast that related with the U.S. dollar. In the long run, China RMB exchange rate policy will stick to initiative, progressive and controllable principles, in order to service for China's macroeconomic situation.
Analyst said that recently released China's economic benefit data improved investor for global economy recovery confidence.
From the perspective of RMB itself, this time RMB appreciation against the U.S. dollar experienced more than one year consolidation, which is technical indicators and market situation concentrated reflection.
Since 2008 international financial crisis breakout, global and China economy face big difficulties and uncertainty. In many countries when currency against the U.S dollar devaluation, China properly narrow RMB fluctuation, maintain RMB basically stable, while withstand international financial crisis stroke, but also made a greater contribution to Asia and the world economic recovery.
Exchange rate can not relief U.S. trade deficit.
Cheaponsale.com analyzes that in the past few years, RMB against the U.S. dollar exchange rate increased 20%, but for American trade still has substantial increased, which indicated that exchange rate problem is not the main factor decided the trade balance, while force RMB appreciation also cannot relief U.S. trade deficit.
Cheaponsale.com analyzes that currently, China economic fundamental still do not support the RMB against U.S. dollar substantially raise. Foreign trade enterprise for RMB appreciation bear ability is limited, once breakthrough the limitation, market influence will push RMB exchange rate back to normal.
Contact:
Email: my@cheaponsale.com
SOURCE: cheaponsale.com
Topic: Research / Industry Report
Source: Cheaponsale.com
Sectors: Daily Finance, Daily News
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