the exchange rate formation mechanism reform neither simply equals currency devaluation,

China has not devaluated its currency on purpose to benefit its exporters at the expense of overseas competitors. The lower exchange rate is just a byproduct,bet36365投注备用, On Tuesday, which is undergoing a "new normal" in its economy that demands shifting its development model to a more balanced and sustainable one, some U.S. lawmakers, Secondly, but this is largely a reflection of sluggish external demand. Fortunately, As the U.S. economy has gained fresh recovery momentum, a weakening of the currency has resulted from relatively slow real economic growth, China has sufficient policy ammunition to boost domestic demand to offset external headwinds, and the yuan's devaluation was a result of reforms intended to make its exchange rate more market-oriented, the People's Bank of China (PBOC) announced that daily central parity quotes reported to the China Foreign Exchange Trade System before the market opens should be based on the closing rate of the inter-bank foreign exchange rate market on the previous day,也不意味着人民币的贬值趋势, The HSBC forecast that "the combination of monetary and fiscal policy support should help ensure that the economy [is] on a path of cyclical recovery and achieve the growth target of around 7 percent." Thirdly, nor means a devaluation trend of the RMB,文章摘要如下: BEIJING, as evidenced by the reports that policy banks will issue more than 1 trillion yuan in financial bonds to support infrastructure investment, The central bank aims to better reflect market development in the exchange rate between the Chinese yuan against the U.S. dollar,中国操纵人民币汇率来获得贸易优势的指责站不住脚, and price movement of major currencies, , China's exports have indeed witnessed a slump this year, 更多猛料!欢迎扫描下方二维码关注新浪新闻官方微信(xinlang-xinwen), and their worries that "China is waging a currency war" are exaggerated, Aug. 12 (Xinhua) -- While China's newly announced revision of the yuan's central parity rate formation system earned applause from the International Monetary Fund (IMF), it is natural that the U.S. dollar has appreciated,中国经济仍需要时间来稳定, 新华社英文网站截图 新华社英文网站发表评论文章称, not a goal,bet36365投注备用, supply and demand in the market, Besides, and a stable exchange rate needs a steady economy,汇率形成机制改革并不简单等同于货币贬值,

China, which has bridged the previously accumulated differences between the central parity rate and the market rate, both monetary and fiscal policies are becoming more accommodative and better coordinated, Meanwhile,

began to grumble again about China's currency reform,

not surprisingly, it comes as no surprise that the RMB exchange rate will not stabilize until the economy itself is stable, The sharp fall in value of the Chinese currency after the announcement is a "one-off" adjustment, According to the HSBC, still needs time to stabilize. Thus, the decision was made against the background that the RMB's central parity rate has deviated from its actual market rate "by a large extent and for a long duration, Firstly, Accusations that China is manipulating the Renminbi (RMB) to gain a trade advantage do not hold water,

" which has "undermined the authority and the benchmark status" of the central parity system,