Renminbi has just started appreciating after the continuous depreciation in the first quarter. However, foreign organizations expect that RMB will depreciate sharply. ANBOUND research team believes that RMB's great depreciation on China’s own initiative isn't a good choice. First, China will no longer excessively pursue the growth rate of exports or trade surplus volume. China doesn't want to increase its burden of huge foreign reserve. Second, since Chinese economy fully utilizes its domestic market, the importance of net exports to China’s economic growth has been declining. Third, China has changed from attracting international capital to the output of Renminbi to the global market. In the context of Renminbi Internationalization, a sharp depreciation of Renminbi is obviously against this great tendency.