自从中国在2005年7月实施汇率调控机制改革以来，人民币兑美国升值了32 % ， 并在去除通胀因素后对一揽子货币升值了约30 % 。
Since China reformed its exchange-rate regime in July 2005, the renminbi has risen 32% relative to the dollar and about 30% in inflation-adjusted terms against a broad basket of currencies.