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2000•Journal of Pingdingshan Teachers' CollegeRequires access

The Trend of RMB Exchange Rate Policy

Luo Shi

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Abstract

Owing to the financial crisis in Asia, there are two different viewpoints currently being held on the tendency of RMB rate policy. Some people believe that the RMB rate should be depreciated while others think that we should maintain the stability of RMB rate. China will become a member of WTO in the near future, so RMB rate will be subject to the great pressure. China′s membership of the WTO will set a new demand on the RMB rate policy. The final goal of the RMB rate policy in China is the stability of currency value.

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Owing to the financial crisis in Asia, there are two different viewpoints currently being held on the tendency of RMB rate policy. Some people believe that the RMB rate should be depreciated while others think that we should maintain the stability of RMB rate. China will become a member of WTO in the near future, so RMB rate will be subject to the great pressure. China′s membership of the WTO will set a new demand on the RMB rate policy. The final goal of the RMB rate policy in China is the stability of currency value.

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Available abstract

Owing to the financial crisis in Asia, there are two different viewpoints currently being held on the tendency of RMB rate policy. Some people believe that the RMB rate should be depreciated while others think that we should maintain the stability of RMB rate. China will become a member of WTO in the near future, so RMB rate will be subject to the great pressure. China′s membership of the WTO will set a new demand on the RMB rate policy. The final goal of the RMB rate policy in China is the stability of currency value.

Key concepts: Renminbi, Exchange rate, China, Viewpoints, Currency, Economics, Value (mathematics), International economics

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