Experts: RMB should have stable forex rate

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As the first round of China-US Strategic and Economic Dialogues start on Monday in Washington DC, Chinese scholars are calling for a steady yuan exchange rate.

As the first round of China-US Strategic and Economic Dialogues start  on Monday in Washington DC, Chinese scholars are calling for a steady  yuan exchange rate.

The value of the yuan will definitely command attention at the economic track of the first round of the China-US Strategic and Economic Dialogues.

Previously, the value of the yuan usually rose when former US Treasury Secretary, Henry Paulson, was visiting China. But the exchange rate has been stable for about a year.

Some US media reports say to overcome the global ecoomic downturn, China must reduce its high production capacity and lower domestic banking deposits.