- CNTV English - CCTV News

Expert comments on RMB's reform over 5 years

07-22-2010 08:49 BJT

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 >>

Watch Video

Play Video

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?

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program