1. Among the major economies in the Asia-Pacific region, China is one of the countries with the strongest tolerance for the US interest rate hike. Large foreign exchange reserves, low foreign debt and a small amount of public debt held overseas all help to alleviate external shocks.

Second, from the negative data.

From 2006 to 20 10, the RMB rebounded slightly against the Australian dollar during the US dollar interest rate cut, but it rose slightly. However, judging from the historical trend, from 1980 to now, the US dollar is constantly cutting interest rates, while the RMB is generally declining against the Australian dollar.