Chen Deming: RMB exchange rate should be determined by market forces

"Caijing comprehensive report" Commerce Minister Chen Deming said Wednesday, the renminbi exchange rate should be determined by market forces, and the recent fluctuations are normal, he also expressed the hope that the United States dollar exchange rate stability.　　Chen Deming, who attended the Second World Investment Forum in Xiamen, said the dollar would remain the world's dominant currency and that the internationalisation of the renminbi would be slow.　　He said the trade surplus exceeded expectations because of falling commodity prices.　　China Foreign Exchange Trading center RMB 6.7907 yuan against the U.S. dollar in Wednesday. The renminbi closed yesterday, although the median price of the day hit a new high of nearly one months, but the rise in the international dollar made domestic investors cautious and did not follow the middle price sharply push up the spot rate. The renminbi has risen by only about 0.5% per cent against the dollar since June 19, when China announced a move to exchange its currency. China's trade surplus in July was $83.93 billion trillion, down 21.2% from a year earlier.