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340 billion RMB ($41.06 billion). The profit margin rates of many exporters are below the reimbursement rate. As the default of payment accumuted year-by-year, some exporters have fallen into liquidity problem while waiting for the payment of tax reimbursement in arrears. So a should not be afraid to bee red in trade, like it has during many periods of greatness. If the dragon bees be red for years or even decades, the most foreseeable sequence is that RMB will be an iional currency. To support an iional currency, a should build ‘a stable macroeiviro, an effit market meism and a healthy banking system’ as ese Premier Wen Jiabao mentioned as the preditions for a revaluation of R
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