The influence of the capital account is gradually increasing.
2
由于中国央行对人民币汇率控制紧密,从短期来看,中国推动人民币国际化的措施对国内汇率影响甚微。
In the short term, China's efforts to internationalise the renminbi have few implications for the onshore exchange rate, which is tightly controlled by the People's bank of China, the central bank.
The paper firstly analyses the appreciation and trend of RMB on the basis of purchase power parity, and points out short-term & long-term influences upon export enterprises.