What is RMB appreciation?

Appreciation against other currencies, that is, the purchasing power of the renminbi increases.

In the most popular terms, a renminbi appreciation is an increase in the purchasing power of the renminbi.

The appreciation or depreciation of the renminbi is directly reflected in the exchange rate.

Internal driving force and external pressure from China’s economic system.

Internal factors include balance of payments, foreign exchange reserves, price level and inflation, economic growth and interest rates.

In 2012, the renminbi exchange rate has been in a state of ups and downs.

As of October 15, 2012, the spot exchange rate of the renminbi against the US dollar was the highest since 1993.