摘要
OPINIONSustained Yuan Appreciation UnlikelyRecently, the continued depreciation of the yuan has aroused extensive attention. Some think it was the result of intervention by the People＇s Bank of China. the count,s central bank, to pour cold water on expectations of ren- minbi appreciation. If it＇s true, the central bank has set out to make preparations for prospec- tive exchange rate reform.
OPINION Sustained Yuan Appreciation Unlikely Recently,the continued depreciation of the yuan has aroused extensive attention.Some think it was the result of intervention by the People’s Bank of China,the country’s central bank,to pour cold water on expectations of renminbi appreciation.If it’s true,the central bank has set out to make preparations for prospective exchange rate reform.According to the report on the implementation of monetary policies in the
