Expect China to continue its policy of a gradualappreciation of the renminbi against the dollar, and the decibel level of the rhetoric from the Obama administration on the value of the renminbi to be substantially reduced in the months ahead.
The gradualappreciation of the yuan against the U.S. dollar may also have added to concern among exporters, theoretically making Chinese products less attractive, though its pace has been gradual (barely more than 5 percent against the U.S. dollar in one year).