Background: Half a decade ago today, China moved into a managed floating exchange rate regime. The system is based on market supply and demand, with reference to a basket of currencies. Since then, the Renminbi has appreciated by 22 percent. Full story >>
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For more we're joined by our current affairs commentator Dr. Gao Zhikai.
Q1: Dr. Gao, first can you tell us just how much the yuan's exchange rate has reformed in the last 5 years?
Q2:The yuan has appreciated over 20 percent in five years. But there's still pressure for a higher revaluation, particularly from the U.S. Is it warranted?
Q3: Do you agree with the one-way appreciation of the RMB against the US dollar?