The RMB Exchange Rate Keeps Increasing

(整期优先)网络出版时间:2007-12-22
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InJuly2005,thePeople'sBankofChinaof-ficiallyannouncedthatitwouldadoptaman-ageablefloatingexchangerate,adjustedac-cordingtoabasketofcurrenciesbasedonmarketsupplyanddemand.Onthatday,theexchangerateoftheRMBtotheU.S.Dollarincreasedby21percent,andsincethentheRMBexchangeratehasgraduallyturnedtoamoreflexibleex-changerateconvention,ratherthanfocusingon