Since its inclusion into the SDR basket, RMB has depreciated 0.5%.

ANBOUND's research team points out that the depreciation of RMB is the trend, not a short-term behaviour, hence, the government should stop the practice aiming at propping up the RMB exchange rate at the expense of foreign reserve.

We should expedite the reform progress, ensure the steady economic growth, boosting the international investor’s confidence in China’s market and get ready the various policy guidelines and to alleviate the impacts caused by the weak RMB exchange rate on domestic market.