Devaluation and the price drop is arbitrarily arranged RMB against the U.S. dollar the last two days ...

 Devaluation and the price drop was adjustment. for the following reasons:
devaluation and the price drop was will not continue, the future trend will still be adjusting shocks. The reason is as follows:
First, the RMB exchange reform since the dollar has appreciated 20% less than other currencies in the world, the background of sharp depreciation against the dollar, the RMB can not be out of the unilateral independence of market appreciation of the RMB exchange rate callback is also reasonable.
Second, Zhou does not rule out devaluation of the RMB had hair possible. Despite China's exchange rate to market reforms, but the real exchange rate movements around the factors not the market, but government action. the same with a strong currency policy. but how much depends on the depreciation trend of the international economy, but also by the impact of the U.S. government.
again,UGGs, China's foreign trade exports, mainly due to external demand, not a single price. RMB depreciation to a certain extent,UGG boots cheap, ease the pressure on exports, but can not solve the problem. Our biggest problem is the export product structure is irrational.
Fourth, the United States and China exchange rate will further the battle. U.S. wants the yuan continues to appreciate, in order to balance the bilateral trade balance. China will not return to the past level of interest rates. even back to 1:7 or more will be very cautious.
Fifth, China's exchange rate adjustment is to adapt to changes in world monetary relations, because now is the trend appreciation of the United States, although the depreciation of the RMB against the U.S. proper,Bailey UGG boots, but against the euro, Australian dollar and so it remains a larger appreciation of the situation. due to devaluation of the promotion of these countries export.
sixth devaluation have little effect on real estate prices. real estate is the product, but the link through overseas funds, real estate and the exchange rate to catch the relationship between them. Two years ago, Shanghai, Shenzhen and other places soaring real estate prices and speculation overseas funds have a certain relationship. The main purpose of foreign sneak into the property market is to obtain the dual benefits of assets and exchange rate appreciation. If the appreciation of the yuan road come to an end, the devaluation of channels open, then there are these foreign may withdraw from China, then the high-end property prices will inevitably fall. But on the whole real estate market's overall price level has little effect. The reason is two, the proportion of foreign capital is not the first, the second for ordinary commercial foreign No large-scale investment.
is worth noting that the above conclusions, or indeed to continue to devalue the yuan raised under the premise, but in reality it has entered the devaluation of the RMB channels, like three years ago as the appreciation of Renminbi into channel? not the sign of the current situation. China is no need to go re-take the old path, through the exchange rate artificially low to encourage exports of labor-intensive foreign trade, resulting in long-term at a low level of industrial structure, environmental pollution situation. let Americans enjoy the Cheap Chinese products are the backbone of stamp.
Therefore, the yuan continues to appreciate the big trend, it is periodic adjustments, the next wave of appreciation should stabilize the world economy has happened. From this point of view,cheap UGG boots, blunt the RMB exchange rate changes and changes in real estate prices is not linked to any reason, not to mention the devaluation of the yuan to predict with a whopping price. In fact, now housing the fundamental driving force to adjust the law of value and supply and demand, the housing prices deviate from the value of their homes, while the lack of purchasing power. National 900 billion investment will further increase the security room of ordinary housing supply, housing prices for goods drop-down role. the protection of housing investment in the suppression of the role of housing prices to be far greater on the role of the RMB exchange rate depreciation.