International Economy Observations, Issue No.5, 2021. There is Little Chance for RMB to Undergo Dramatic Depreciation Recently

In recent days, some analyses held that there was a possibility for RMB to depreciate dramatically in the second quarter. The author deems that thanks to the exchange rate variety, such as exchange rate of RMB to USD or Euro, nominal and real exchange rate of RMB as well as differences in future trends, there is little chance for RMB to depreciate significantly.