Just as 1 GBP equals 1.6 USD, 1 GBP equals 10.5 RMB.

Compared with the US dollar, the RMB appreciated, because the United States was hit hard by the financial crisis, and China was the least affected country in the world. Many industries in the United States, such as automobiles and real estate, need a lot of government assistance. The government keeps printing money to save enterprises, resulting in too many dollars in the market, which is worthless. Besides, China's economy is stable, and it has a large amount of foreign exchange reserves, which is very stable. In addition, China is the only country in the world that has maintained 8% economic growth during the financial turmoil, and the status of RMB is very safe. Now it is estimated that if RMB is converted into US dollars at the free exchange rate, the price should be 1 US dollar =5 RMB, while the fixed exchange rate adopted by China government is 1 US dollar =6.8 RMB, which shows that the real market value of RMB is higher and there is great pressure for RMB appreciation. The key depends on the central bank.