From 26th February to 27th February, the G20's Finance Ministers and Central Bank Governors Meeting will be held in Shanghai.

ANBOUND’s research team believes it is highly unlikely that the members of the G20 will agree on a "New Plaza Accord" in order to handle the rising US dollar and to alleviate the pressure on RMB devaluation.

It is likely that China may be subject to criticism or even being blamed for the opacity of Chinse policies. Therefore, China should seize this opportunity and take the initiative to communicate the exchange rate policy and its bottom line with the international community and shed light for the market.