Renminbi equilibrium

Renminbi's rise not over yet

Despite talk of China’s currency reaching “equilibrium”, our readers reckon it still has plenty of room to rise.
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Renminbi appreciation: not over yet
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<div style="text-align: left;"> Renminbi appreciation: not over yet </div>

During China’s National People’s Congress last week, Premier Wen Jiabao said that the renminbi has probably reached fair value against the US dollar. We asked our readers the same question, but got a different answer.

Here’s what Wen had to say “In the Hong Kong market, the non-deliverable forwards have started to fluctuate in both directions. And this tells us that the exchange rate of the renminbi has possibly reached equilibrium.

Our readers, on the other hand, were less convinced slightly more than half of them said that the renminbi was still not fairly valued.

However, depositors in Hong Kong seem to be taking...

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