RMB will no longer peg the U.S. dollar did not rise or fall - Economist Roubini.

<P> Wall Street economists, one of the most talked about Roubini (NourielRoubini) said on Saturday that China's decision to withdraw from the actual exchange rate peg to the dollar's exchange rate policy, or the means devaluation of the RMB against the U.S. dollar, rather than hope that the United States .appreciation. </ P> <P> China said on Saturday that the RMB exchange rate peg to the dollar in nearly two years, China will gradually improve the RMB exchange rate flexibility. This is the U.S. government and other countries called for a global long-standing policy actions. < ./ P> <P> to predict the collapse of the U.S. housing market famous Roubini told Reuters, "It is many years, the first time China issued a major change in exchange rate policy signal." </ P> <P> Roubini in .e-mail said, but China will be how to implement the new exchange rate mechanism remains to be seen, including the RMB exchange rate as a reference to a basket of currencies starting base composition and maturity. </ P> <P> Roubini said, "because they .have not changed before the yuan against the dollar set by the daily floating band of 0.5% on Monday, China is likely to allow the yuan to expand the floating range against the dollar. "</ P> <P> He also said that in recent months against the euro .has dramatically increased, it can not assume that the renminbi will appreciate. </ P> <P> if the euro continued to depreciate, Roubini believes that allowing the yuan against the U.S. dollar must be devalued, but this is in contradiction with the appreciation of the expectations. </ P> .<P> Roubini's comments and Saturday's Bank of China echoed the remarks, a policy board. </ P> <P> the People's Bank of China monetary policy committee member Li Daokui on Saturday said that if the euro against the dollar fell too quickly ., does not rule out the possibility of devaluation. </ P> <P> like other analysts, like Roubini think is unlikely sharp appreciation of the renminbi. "Even if China allowed the yuan to gradually appreciate against the dollar, but the coming year .appreciation will be very mild, no more than 3% or 4%, because the Chinese trade surplus has narrowed, is likely to slow economic growth, and labor disputes in China is still worried about social problems. "</ P>.