Advantages and disadvantages of maintaining RMB stability under the background of financial crisis

The stability of the value of RMB is conducive to the trade between China and the international community, the economic development of China, the expansion of the international influence and application of RMB, the expansion of China's position in the world economy, and the domestic economic development (especially the long-term development) of China.

-The stability of the RMB value is one of the permanent goals of the central bank.

However, the stability of RMB value is a relative concept. The key is to see how to determine the standard and scale of stability. If it is tied to the stability of the US dollar exchange rate, it is equivalent to losing monetary sovereignty. No matter what the economic situation in China is, the monetary policy of the United States will affect the economic development of China at any time. Don't you know that the economic crisis in Thailand was the result of binding the exchange rate of the US dollar?