摘要
At the beginning of 2007,both foreign investment banks and domestic commercial banks all thought that last year's RMB appreciation would grow between 4 to 5 percent;how- ever the realization of a 6.77 percent in- crease has surprised everyone.The RMB has appreciated much faster than expect- ed,keeping pace with the rise of China's foreign trade surplus and foreign exchange reserves.China's foreign trade surplus totaled US(?)177.5 billion in 2006,and this year's surplus already reached US(?)
At the beginning of 2007, both foreign investment banks and domestic commercial banks all thought that last year＇s RMB appreciation would grow between 4 to 5 percent; however the realization of a 6.77 percent increase has surprised everyone. The RMB has appreciated much faster than expected, keeping pace with the rise of China＇s foreign trade surplus and foreign exchange reserves.
