对汇率错位的测算表明：2004年和2005年上半年，人民币存在低估，但低估幅度较小。
A measuring of the malposition of the rate of exchange indicates that RMB's rate of exchange was moderately underestimated with a narrow range in2004and the first half of2005.
对汇率错位的测算表明：2004年和2005年上半年，人民币存在低估，但低估幅度较小。
A measuring of the malposition of the rate of exchange indicates that RMB's rate of exchange was moderately underestimated with a narrow range in2004and the first half of2005.
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