China's State Administration of Foreign Exchange Pan Gongsheng said recently that the RMB exchange rate is relatively stable, and it can be seen that the exchange rate is driven by the market, while the Central Bank has basically withdrawn from the normalized intervention. After the 19th National Congress of the Communist Party of China, the RMB exchange rate will have a more stable basis, and at the same time China's Central Bank is more confident than in the past on the RMB exchange rate performance. If after the 19th National Congress, the development of China shifts its focus on economic construction, the RMB exchange rate stability will be given a more solid foundation.