Tuesday, November 01, 2016
China should not allow Renminbi depreciation goes uncontrolled
ANBOUND
Recently the exchange rate of Renminbi continues to decline, causing no small impact on the market and policy-making departments. Anbound's senior researcher Chan Kung believes that from the policy perspective, China should not allow the depreciation of Renminbi to be too serious, as the bearish Renminbi market force has increased. To stabilize Renminbi’s exchange rate, the Chinese government should exercise internal strength and build up confidence, and the most urgent task is to support consumer investment in issuing bonds to effectively stimulate the demand of Renminbi.