Discussion on RMB appreciation

According to the basic factors determine the exchange rate, chinese international balance of payments surplus with continued, sustained high economic growth rates, the better investment income and the appreciation of the RMB. According to the nominal exchange rate and the actual exchange rate between the chinese prices continued to rise, the real exchange rate appreciation of the RMB. Based on the current domestic and international economic environment, the U.S.A economic recession, and chinese economy is still optimistic, as a result, the RMB appreciation pressure is exit. Based on the history of the appreciation of the yen, the RMB will be appreciation.