It also assumes a modest appreciation of the yuan against the dollar.

人民币兑美元适度升值也是假定的条件之一。

youdao

To an American buyer, a 5% increase in the yuan price of Chinese exports is the same as a 5% appreciation of the yuan against the dollar.

对于一个美国的消费者来说，中国出口产品的人民币价格上涨5%同人民币对美元升值5%是一样的。

youdao

On a different set of assumptions—a Chinese growth rate of 6%, an American one of 3% and an appreciation of the yuan of 2% a year—the date slips to 2024.

如果预计数据略微改变，比如假设中国年经济增长率为6%，美国为3%，人民币年升值幅度为2%，则这一时刻的来临将推迟到2024年。

youdao

And the appreciation of the yuan meant orders priced in dollars the overwhelming majority brought in less income.

ECONOMIST: Business in China

Until these obstacles are removed, a sharp appreciation of the yuan might result in a surge in Chinese lay-offs, not a boom in Chinese consumption.

ECONOMIST: The yuan and global imbalances

Yi Gang, among others, is concerned about money flooding into China, from investors taking advantage of roaring Chinese markets and those anticipating future appreciation of the yuan.

FORBES: The Final Liberalization of the Renminbi