| 摘 要： | <正>As the quantitative easing policy is gradually withdrawn by the U.S.Federal Reserve on the basis of economic recovery,the U.S.dollar will enter a phase of continuous interest rate increases.U.S.dollar’s appreciation will become an inevitable trend.Against this backdrop,the Chinese currency,the yuan,will face more depreciation pressure.As a matter of fact,the timing for the yuan to moderately depreciate has come,judging from both external and internal factors.Moderate depreciation of the Chinese currency is not only beneficial for economic recovery,but will also lift China’s A-share market.
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