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《Journal of Hubei College of Finance and Economics》 1999-06
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The Exchange Rate of RMB to US Dollar Will Maintain the Current Level

ZHOU Zi - li  
Supply and demand of foreign exchange in a state decided its exchang rate. The credit side of international balance of payments make up foreign exchange supply, while the debit side make up foreign exchang demand. The present exchange rate of RMB to US dollar is basicly es-tablished at this mechanism. So it is reliable. It is not neccesary to devalue RMB from the point of international balance of payments. It is not possible to devalue RMB from the point of utilizing the foreign capital and of structure of export goods in China. So, RMB will keeps the present price level.
【CateGory Index】: F832.6
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