The RMB Exchange Rate Has Even Reached A Record High Of &Nbsp; Experts Say That Appreciation Does Not Mean Internationalization.

Entering the 2011, people's exchange rate against the dollar has reached a new high. In June 22nd, the interbank foreign exchange market's central parity of RMB against the US dollar was 6.4683, a new high. In June 23rd, it returned to 6.4736.

How will the RMB's internationalization be written? Many experts put forward their own views at the symposium sponsored by Ho sum, focusing on the game of foreign currency markets in the middle of the European debt crisis.

The director and deputy director of the Institute of International Monetary Studies, Renmin University of China, said to Mr Song Zuo, that during the process of RMB internationalization, RMB Stability is the best policy. If the RMB appreciates rapidly or even the exchange rate fluctuates, the internationalization of RMB will not be possible. Many people use a very superficial and superficial view that the internationalization of the RMB must be appreciated by the renminbi, and the appreciation of the renminbi will depreciate in a certain period of time.

According to song Zuo, the final credit of the currency is based on issuing national wealth creation ability, technological innovation ability and educational ability. The US dollar has become the international reserve currency, not at that time the US dollar has been appreciating, and the pound became the international reserve currency in that year, not because the pound was on the rise. He said that the internationalization of RMB should become the main investment currency, and the main financial and investment currencies should be RMB trade settlement.

China Foreign exchange investment Tan Yaling, President of the Research Institute, believes that the appreciation of the renminbi is the appreciation of kidnapping, and the rise in the price of RMB has exceeded expectations. The appreciation of RMB is not equal to the internationalization of RMB. The appreciation of RMB is not equal to the reform of exchange rate system. We should call on the renminbi to depreciate and resolve risks.

Tan Yaling also believes that the appreciation of the Renminbi should be forced. Enterprise transformation It is a fallacy, an irresponsible argument for China's economy and Chinese enterprises. In June 19, 2010, the people's Bank of China issued a document, which triggered a discussion on the bottom line of RMB appreciation. At that time, the bottom line of appreciation was 3%, because the bottom line of profits was 3%, and up to now, the exchange rate has risen by 5.2%.

According to information, in the first half of this year, China's small and medium-sized enterprises went bankrupt. Many of the US businesses in China have made significant profits, exceeding the highest level in history. Therefore, when discussing the RMB price expectation and the RMB exchange rate, the foothold of national interests is very important.