Corporate News

Should RMB Keep Depreciating?

09 May 2022

By Andy Chen (1) A fixed and stable exchange rate; (2) Independent monetary policy; (3) Free international capital flows. Accordingly, China’s ability to manage its exchange rate may depend, among other factors, on its willingness and ability to adjust on other policy margins. Let’s start with the premises about the country’s current situation and its leadership’s objectives:

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