China Financial Times: The Stability of the RMB Exchange Rate is Supported by Solid Fundamentals

According to China’s “Financial Times”, industry experts believe that factors such as changes in interest rate differentials brought about by the divergence of monetary policies between China and the United States, and the periodic strengthening of the US dollar exchange rate have brought short-term and periodic pressure on the RMB exchange rate.
However, with the steady recovery of the domestic economy and the resilience of foreign trade, RMB assets have long-term attractiveness, and the stability of the RMB exchange rate is supported by solid fundamentals. In the second half of the year, the RMB exchange rate is expected to remain basically stable at a reasonable and balanced level.