Zheng Lei, Director of INERI’s Economic Behavior and China Policy Research Center, said at the beginning of the year: “The exchange rate of RMB against the US dollar at around 7 is appropriate. Due to the severe work stoppage overseas and hard demand for Chinese exports has increased, maintaining a moderately strong exchange rate is not without benefits. But a too strong exchange rate is not good for the Chinese economy. This is because China's economy has only recovered relatively quickly, which is far from last year, and it has a strong inhibitory effect on the domestic real estate industry.”