Government Won't Depreciate RMB for Export
ANBOUND
Since this year, the central parity rate of RMB against the dollar has generally dropped prior to rise. ANBOUND thus concludes that according to the spokesman of Ministry of Commerce in regular press conference, the government won't allow RMB to dramatically depreciate during short term for spurring export. The value of RMB should be relatively stable no matter aims at promoting "One Belt, One Road" or pushing RMB to be involved in the SDR reserve basket.