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Assurance from officials Will the RMB appreciate or fall against the dollar?Is China’s record deficit too heavy a burden on the government?Zhou Xiaochuan, Governor of the People’s Bank of China,and Xie Xuren, Minister of Finance Ministry,have answered these questions when meeting the press in Beijing during the“two sessions”. When asked about the RMB’s appreciation against the dollar, Zhou said what China would like to see is“basically a stable”RMB,implying that there will be no drastic fluctuations of RMB
Assurance from officials Will the RMB appreciate or fall against the dollar? Is China’s record deficit too heavy a burden on the government? Zhou Xiaochuan, Governor of the People’s Bank of China, and Xie Xuren, Minister of Finance Ministry, have answered these questions when meeting asked press the Beijing’s the “two sessions ”. When asked about the RMB’s appreciation against the dollar, Zhou said what China would like to see is “basically a stable ” RMB, implying that there will be no drastic fluctuations of RMB