Capital Export, Elasticity Pessimism, and the Renminbi.

资本输出，弹性悲观主义，以及人民币。

youdao

The dollar, the euro and the renminbi will form a basket of currencies.

美元、欧元和人民币将形成一篮子货币。

youdao

Later, I only know that this is not simply the difference between the dollar and the renminbi.

后来我才知道这不是简单的美元和人民币的差别。

youdao

But small gains with more two-way fluctuations will stabilize the economy, and the renminbi.

FORBES: China Currency To Gain Against Dollar This Year

What, you might well ask, does any of this have to do with George Osborne and his exciting plans for the city and the renminbi?

BBC: Mr Osborne and China's long road to a global currency

But when you look at it on a global basis, recent trade statistics suggest that this may not be the case, and that the renminbi may, in fact, be more or less in line when all currencies are taken into account.

FORBES: Is the Renminbi Undervalued?