Renminbi will witness its first depreciation in 2014 in wake of relaunching RMB exchange rate reform. ANBOUND research team considers this is a good sign because it has further proved the entrance of Renminbi exchange rate into a balanced sphere. Whether RMB exchange rate will inflate or deflate requires a comprehensive consideration on economic development and foreign investment, i.e., to hand over decision-making rights to market and implement the policy of "a basket of currencies". This is the best strategy.