The Renminbi And The US Dollar Continue To "Dispute" In The Asian Market.

According to DB, the impact of China on the economies of neighboring countries is larger than that of the United States and the European Union, marking a significant change in the economic level since the 2008 global financial crisis.

In the first quarter of China, the economy was boosted by stimulating credit growth in the first quarter of the year.

Economic data in May are expected to show that the economy will continue to stabilize and growth will reach the annual target of 6.5%-7%.

(IMF) in April, China's economic growth was expected to increase by 0.2% because of the strong domestic demand and the growth of service industry, which offset the manufacturing downturn.

The RMB exchange rate has become more predictable since the commitment of the people's Bank of China to higher RMB pparency in February.

The sudden fall of the renminbi in January led to fears of devaluation and caused panic in the global market.

In the latter 3 months, the PBC's formulation of the exchange rate is closer to the market.

However, the position of the US dollar in the bond market is still unshakable.

Continue to dominate the Asian bond market.

Even if Asian central banks do not follow the tightening steps of the US Federal Reserve (FED), the financial environment in Asia will also shrink.

It is also increasingly important in Asia.

Although the US dollar still dominates the fluctuation of most Asian currencies, the RMB has at least great influence on the fluctuations of ringgit and won, and the importance of Asian currencies other than the Philippines peso is also growing.

Deutsche bank analysts say Asia is far from being a "Renminbi zone", but the external impact of the renminbi can not be ignored.

The people's Bank of China (PBOC) lowered the benchmark interest rate this week, which surprised traders and made the RMB decline the biggest in 4 months.