China Financial Daily

RMB appreciation: Ministry of Finance later this month will launch a new round of RMB revaluation pressure test
21st Century Business Newspaper revealed that the Ministry of Finance later this month will launch a new round of RMB revaluation pressure tests, research will aim at the Guangdong, Zhejiang, Jiangsu provinces and Shanghai’s general trade, processing trade enterprises. Before that, after the Ministry of Commerce and the Public Letter Ministry of labor-intensive industries have made a corresponding test, observers have pointed out that employment instability will be the greatest threat to the yuan’s rise, only the textile industry, nine or more have the poor compression ability, once the RMB is appreciated, 25 million people will face the impact of employment.

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