Ways to minimize the negative impact of exchange rate reform: 1. Ensure that the volatility range is controllable and prevent the possibility of overshooting caused by market forces.
There is little difference between the current exchange rate and the equilibrium level, and there is no basis for substantive fluctuations and changes.
2. Take China as the center and make the RMB exchange rate float in an orderly manner in line with the fundamentals and the needs of macro-control.
Fluctuations in the renminbi exchange rate are good for China’s balance of payments, but not for bilateral trade imbalances with specific countries.
3, in the management and adjustment of RMB exchange rate, pay attention to adopt the method of step by step, with the appropriate time for the enterprise structure adjustment, enable enterprises to gradually absorb the influence of the fluctuation of RMB exchange rate, promote the orderly industry transfer to upgrade, keep the overall competitiveness of Chinese enterprises in the international market, guide the more employment to the service industry transfer.
4. Strengthen the monitoring and management of short-term speculative funds to prevent large-scale flows from having a major impact on the domestic financial system.