Time will tell if the RMB funds go the way of those in the late 1990s dotcom boom, with too much money rushing in and valuations rising before a crash.

FORBES: China's New RMB Funds Look Too Hot

And if that trajectory indicates that over the course of a year the RMB has appreciated a certain amount that is more in line in economic fundamentals, then I -- hopefully not only will that be good for the U.S. economy, that will also be good for the Chinese economy and the world economy.

WHITEHOUSE: President Obama & President Medvedev Joint Press Conference | The White House