http://mancodebook.com/ And the outside world, however, the vast majority of people believe that the future overall is still in the upward trend in different views, the author thinks that, even if there is no central control, the renminbi revaluation since 2005 has to end, more than 30% of the appreciation of RMB exchange rate movements are facing a very delicate directional selection. I mean, the central bank is in the wrong time, by means of error, made a correct response trend of RMB exchange rate. The wrong time, is to choose the RMB exchange rate is close to equilibrium, the situation of Gucci Belt Replica foreign trade is not optimistic about, macroeconomic into real difficulties, domestic, including real estate and shadow banking risk gradually appear, the QE's exit will accelerate under the condition of hot money fled, cheap gucci belts downward pressure on the yuan was, the cunning of hot money is seeking to flee, the central bank says hold down the renminbi, this is not a hot money fled to cover?

Look from the war in the past years the central bank and hot money, the bank almost complete defeat, the central bank is many times even the hot money in or even flight, the basic judgment is wrong, for seems to be very strict in fact and holes cross-border capital supervision system, the so-called hot money is in the central bank regulation. If the future trend of the appreciation of the renminbi is constant, the central bank for leading the short-term value of meaningless, if the future access to depreciate, the central bank to do so would trigger hot money faster flow, leading to the RMB exchange rate dropped. So-called error means, is the central bank with the government of rough hands, to achieve the purpose of the marketization of RMB, it is obvious that it is difficult to justify paradox.