It is hard to argue that the RMB is not undervalued, given China’s large and persistent current-account and capital-account surpluses. But, despite ending the dollar peg, faster appreciation of the RMB seems unlikely for the foreseeable future.
考虑到中国庞大且持续存在的经常账户和资本账户盈余，很难说人民币没有被低估。但尽管结束了与美元的挂钩，人民币的更快升值似乎在可见的未来不会发生。