2014 Hangzhou Clothing Vocational School Graduation Design Exhibition

"RMB Undervaluation" Is Exaggerated.

For free floating currencies, a 2.9% decline may be a small fluctuation, but for the renminbi, it is a big drop. Since July 2005, the renminbi has not suffered such a big decline in such a long time. In July 2005, China adopted a managed floating exchange rate system based on market supply and demand in a basket of currencies.