RMB exchange rate needs a broader perspective
- Posted on October 9, 2026
- By The China Daily
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- 1 min read
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RMB exchange rate needs a broader perspective
Outlining its view on the renminbi exchange rate, the People's Bank of China said in a statement on Thursday that the country has adopted a managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies. What really drives exchange-rate movements? How much of China's export competitiveness can be attributed to the currency?
