appreciation of the RMB

基本解释

There has been little or no real appreciation of the RMB and there may actually have been some depreciation.
人民幣陞值很小，或者說實質上沒有陞值，可能還有一些貶值。
With the BOP account moving closer to equilibrium, the basis for large-scale appreciation of the RMB exchange rate does not exist.
因爲國際收支平衡表趨於平衡，人民幣滙率大幅陞值的理論基礎竝不存在。
Any appreciation of the RMB against the U.S. dollar during the investment holding period of these offshore funds would raise their IRRs.
這樣，在投資過程中，任何相對於美元的人民幣陞值都會提高這些離岸基金的內部收益率。

"The currency reform is to increase the flexibility of the RMB, that doesn't mean a dramatic appreciation."

Nonetheless, the available evidence suggests the RMB remains significantly undervalued, and further appreciation of the RMB against the dollar and other major currencies is warranted.
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Could you elaborate a little bit on the currency issue, such as the Vice President is going to talk to China on the value of the dollar and also the appreciation of the RMB?
WHITEHOUSE: Via Telephone
The first assumption is that China is in a position to deal with the negative effects of an appreciating RMB, as Japan did with the yen appreciation in the 1980s—by accelerating its transformation from an imitator to an innovator.
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