demand new era hats with reference to a basket of currencies, a managed floating exchange rate system. April 7, 2008, the RMB against the U. S. dollar reached 7. 002 yuan, from the "6 Times" Only a stones throw, and the pace of appreciation has not stopped. In this context, Chinas macroeconomic and capital market may be affected? Investors should take what kind of investment strategy?
To "rise" to promote "transfer": active appreciation of the yuan revaluation
subtext of the states economy will become more diversified control means, while derived from more market hedging tools.
In China to promote industrial restructuring and upgrading, the transformation of economic growth, improve the quality of economic growth in the process, the currency appreciation will be bred out of many areas of investment, expansion, development and optimization opportunities, in the process, the Chinese economy and Chinas stock market, have reason to be optimistic about the long term.
Volatility of the currency with tight
2007 Nian 5 21 onwards, Chinas inter-bank spot foreign exchange market trading price of the RMB against the U. S. dollar floating rate of 0. 3% from the previous expansion to 0. 5%. December 3, 2007, the Department of State Information Center forecasts published in 2008 in macroeconomic trends and macro-control measures in the forecast suggested that "2008 should further enhance exchange rate flexibility, modest expansion of the range of the RMB against the U. S. dollar exchange rate fluctuations, will inter-bank spot foreign exchange market trading price on the RMB against the U. S. dollar floating rate from 0. 5% to 1% expansion. "
Addition wholesale bseball caps to enhanced exchange rate flexibility, but industry experts believe that this year the exchange rate should be more concerned about the real effective exchange rate changes, the further development of the exchange rate adjustment of international payments, guiding structural adjustment, improve capacity and inhibition of balanced economic growth The role of prices.
According to data published by the Bank for International Settlements, in 2007 the real effective exchange rate appreciation of 5. 13%, 1. 63% of the nominal effective exchange rate appreciation. Large difference between the two, showing that in 2007 Chinas domestic inflation is higher. Experts believe that faster appreciation, in particular to increase the nominal effective exchange rate appreciation can help curb inflation. Foreign Trade University, Ding Zhijie, vice president of finance, after careful study that the nominal effective exchange rate rose by 5%, the economy can produce significant tightening effect. The reason why
yuan in the first quarter showed the rapid appreciation of the situation, in addition to regular domestic and international appreciation of the pressure, with the domestic implementation of the "tight" monetary policy to ease inflation is also a very important reason cheap baseball hats .