edy_25 发表于 2011-6-28 00:22 
It does not make any sense to link macro factors with RMB exchange rate since it is not freely traded.
All the theories related to inflation, GDP growth, etc only apply to freely traded currencies ...
make no sense?
i doubt
was the exchange rate really fixed?
were all theories which you have shown subjected to open economiics or freely traded environment?
there must be someone standing in the darkness of theroy,me or you?