Economy

Stable RMB exchange rate is the cornerstone of economic growth

April 24, 2019

Abstract : The exchange rate of the RMB against dollar as well as against a basket of currencies has gradually shifted from unilateral appreciation to two-way fluctuation with both depreciation and appreciation, which is very important for the stable development of China's economy under the new normal.

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Keyword: RMB exchange rate

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Stable RMB exchange rate is the cornerstone of economic growth

The exchange rate of the RMB against dollar as well as against a basket of currencies has gradually shifted from unilateral appreciation to two-way fluctuation with both depreciation and appreciation, which is very important for the stable development of China's economy under the new normal.

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