国内英语资讯:Economic Watch: 4 reasons why RMB stood tall in 2017
<p><span word="BEIJING">BEIJING</span>, <span word="Dec">Dec</span>. 31-- <span word="The">The</span> <span word="Chinese">Chinese</span> <span word="Renminbi">Renminbi</span> (<span word="RMB">RMB</span>) <span word="surprised">surprised</span> <span word="the">the</span> <span word="world">world</span> <span word="with">with</span> <span word="its">its</span> <span word="strength">strength</span> <span word="in">in</span> 2017. <span word="Why">Why</span>?</p><p><span word="As">As</span> <span word="of">of</span> <span word="Dec">Dec</span>. 29, <span word="the">the</span> <span word="last">last</span> <span word="trading">trading</span> <span word="day">day</span> <span word="of">of</span> 2017, <span word="the">the</span> <span word="yuan">yuan</span>'<span word="s">s</span> <span word="onshore">onshore</span> <span word="exchange">exchange</span> <span word="rate">rate</span> <span word="stood">stood</span> <span word="at">at</span> 6.5120 <span word="against">against</span> <span word="the">the</span> <span word="U">U</span>.<span word="S">S</span>. <span word="dollar">dollar</span>, <span word="strengthening">strengthening</span> <span word="by">by</span> 6.72 <span word="percent">percent</span> <span word="for">for</span> <span word="the">the</span> <span word="year">year</span>, <span word="the">the</span> <span word="sharpest">sharpest</span> <span word="annual">annual</span> <span word="appreciation">appreciation</span> <span word="in">in</span> <span word="nine">nine</span> <span word="years">years</span>, <span word="according">according</span> <span word="to">to</span> <span word="calculations">calculations</span> <span word="by">by</span> <span word="financial">financial</span> <span word="information">information</span> <span word="provider">provider</span> <span word="Eastmoney">Eastmoney</span>.<span word="com">com</span>.</p><p><span word="The">The</span> <span word="performance">performance</span> <span word="was">was</span> <span word="far">far</span> <span word="from">from</span> <span word="what">what</span> <span word="the">the</span> <span word="market">market</span> <span word="had">had</span> <span word="anticipated">anticipated</span> <span word="a">a</span> <span word="year">year</span> <span word="ago">ago</span>, <span word="when">when</span> <span word="expectations">expectations</span> <span word="ran">ran</span> <span word="high">high</span> <span word="for">for</span> <span word="a">a</span> <span word="weaker">weaker</span> <span word="yuan">yuan</span>.</p><p><span word="A">A</span> <span word="softening">softening</span> <span word="dollar">dollar</span> <span word="against">against</span> <span word="a">a</span> <span word="basket">basket</span> <span word="of">of</span> <span word="currencies">currencies</span> <span word="was">was</span> <span word="part">part</span> <span word="of">of</span> <span word="the">the</span> <span word="story">story</span>, <span word="as">as</span> <span word="shown">shown</span> <span word="by">by</span> <span word="declines">declines</span> <span word="in">in</span> <span word="the">the</span> <span word="dollar">dollar</span> <span word="index">index</span> <span word="in">in</span> <span word="the">the</span> <span word="past">past</span> <span word="year">year</span>. <span word="But">But</span> <span word="the">the</span> <span word="RMB">RMB</span> <span word="also">also</span> <span word="demonstrated">demonstrated</span> <span word="strength">strength</span> <span word="against">against</span> <span word="other">other</span> <span word="currencies">currencies</span>.</p><p><span word="The">The</span> <span word="yuan">yuan</span> <span word="exchange">exchange</span> <span word="rate">rate</span> <span word="composite">composite</span> <span word="index">index</span> <span word="released">released</span> <span word="by">by</span> <span word="the">the</span> <span word="China">China</span> <span word="Foreign">Foreign</span> <span word="Exchange">Exchange</span> <span word="Trade">Trade</span> <span word="System">System</span>, <span word="which">which</span> <span word="measures">measures</span> <span word="the">the</span> <span word="yuan">yuan</span>'<span word="s">s</span> <span word="strength">strength</span> <span word="relative">relative</span> <span word="to">to</span> <span word="a">a</span> <span word="basket">basket</span> <span word="of">of</span> 24 <span word="currencies">currencies</span> <span word="including">including</span> <span word="the">the</span> <span word="dollar">dollar</span>, <span word="euro">euro</span> <span word="and">and</span> <span word="Japanese">Japanese</span> <span word="yen">yen</span>, <span word="came">came</span> <span word="in">in</span> <span word="at">at</span> 94.37 <span word="at">at</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="November">November</span>, <span word="firming">firming</span> <span word="from">from</span> 94.22 <span word="at">at</span> <span word="the">the</span> <span word="end">end</span> <span word="of">of</span> <span word="January">January</span>.</p><p><span word="With">With</span> <span word="sound">sound</span> <span word="economic">economic</span> <span word="fundamentals">fundamentals</span>, <span word="improved">improved</span> <span word="regulation">regulation</span>, <span word="a">a</span> <span word="relatively">relatively</span> <span word="tightened">tightened</span> <span word="monetary">monetary</span> <span word="environment">environment</span> <span word="and">and</span> <span word="increased">increased</span> <span word="global">global</span> <span word="use">use</span> <span word="of">of</span> <span word="the">the</span> <span word="currency">currency</span>, <span word="the">the</span> <span word="yuan">yuan</span>'<span word="s">s</span> <span word="stability">stability</span> <span word="has">has</span> <span word="been">been</span> <span word="justified">justified</span> <span word="and">and</span> <span word="will">will</span> <span word="stay">stay</span> <span word="well">well</span>-<span word="supported">supported</span>.</p><p>"<span word="The">The</span> <span word="RMB">RMB</span> <span word="will">will</span> <span word="hold">hold</span> <span word="steady">steady</span> <span word="against">against</span> <span word="a">a</span> <span word="basket">basket</span> <span word="of">of</span> <span word="currencies">currencies</span> <span word="in">in</span> 2018, <span word="with">with</span> <span word="two">two</span>-<span word="way">way</span> <span word="movements">movements</span> <span word="becoming">becoming</span> <span word="a">a</span> <span word="norm">norm</span>," <span word="said">said</span> <span word="a">a</span> <span word="research">research</span> <span word="report">report</span> <span word="from">from</span> <span word="China">China</span> <span word="Everbright">Everbright</span> <span word="Bank">Bank</span>.</p><p><span word="ECONOMIC">ECONOMIC</span> <span word="FUNDAMENTALS">FUNDAMENTALS</span></p><p><span word="A">A</span> <span word="robust">robust</span> <span word="Chinese">Chinese</span> <span word="economy">economy</span> <span word="helped">helped</span> <span word="the">the</span> <span word="yuan">yuan</span> <span word="stage">stage</span> <span word="a">a</span> <span word="turnaround">turnaround</span>, <span word="bolstering">bolstering</span> <span word="investor">investor</span> <span word="confidence">confidence</span> <span word="in">in</span> <span word="the">the</span> <span word="currency">currency</span>.</p>
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