much more space of appreciation, although it is currently declining vs US dollar.
This is very abnormal because RMB or China currency is backed by strong production, that is manifested by the amount of goods and materialized items produced in China. Some people argue that depreciation of the currency could promote export; maybe, they are right in this matter. However, this practice is bad to China economy and bad to people in China, because the objective of export is not to exchange paper money by sacrificing China resources and products of hard working people.