We have manifested on many occasions that it is our established policy of implementing a managed floating RMB exchange rate regime.

关于人民币汇率问题，我们多次表明，中方实行有管理的浮动汇率制度，这是我们的既定政策。

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The RMB is not a free floating currency like the Brazilian real or the euro, but the beauty behind buying the Chinese currency is that the government has said that it will appreciate the currency each year.

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