Chinese Government Doesn't Want RMB to Depreciate
ANBOUND
In an interview with Lionel Barber, Editor of the Financial Times, Chinese Premier Li Keqiang said that he didn't want depreciation of Renminbi to continue. ANBOUND think tank scholars believe that this attitude will guide the trend of Renminbi exchange rate in next phase. Within this year, Chinese government will promote a series of reforms, the marketization of Renminbi exchange rate as well as capital account convertibility. Market will play a more important role in deciding the exchange rate.