If anything, the currencies of China and some other Asian countries are now undervalued.

如果还有什么不同的话，那就是中国以及其他几个亚洲国家的汇率现在倒是有些偏低了。

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The People's bank of China announces the exchange rate of Renminbi against major currencies on the basis of the prevailing exchange rates in the inter-bank foreign exchange market.

中国人民银行根据银行间外汇市场形成的价格，公布人民币对主要外币的汇率。

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It will also diversify its cash reserves into the currencies of Allies, such as China, Russia and Brazil, and nationalise the gold industry.

该国将使通过持有中国、俄罗斯和巴西等盟友国家的货币来使现金储备多元化，国内的黄金产业也将收归国有。

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Yet for all the speculation last year that the currencies of Hong Kong and China stood on the faultline of international financial shocks, there was remarkably little reaction to the real's floating.

ECONOMIST: Tempest-tossed but floating

Though Chinese manufacturers must compete with rivals in the rest of Asia whose currencies have collapsed, China has pledged not to devalue the yuan.

ECONOMIST: China pedals harder

Many traders are now coming to the conclusion that purchases by China are behind the recent dollar weakness and strength of currencies like the Euro and the yen.

FORBES: How China Controls Global Currencies