The Effectiveness and Sustainability of the Sterilization Policy in China

<table>Renminbi effective exchange rate index—January 2002 to December 2013. Note: REER index represents the real effective exchange rate, and NEER index stands for the nominal effective exchange rate index. The base period for both indexes is 2010. Source: CEIC database.</table>

Economics Research International

fig2

Figure 2

Figure 2: The Effectiveness and Sustainability of the Sterilization Policy in China 