Editing Renminbi (section)

===Purchasing power parity===
Scholarly studies suggest that the yuan is undervalued on the basis of [[purchasing power parity]] analysis. One 2011 study suggests a 37.5% undervaluation.<ref name="Lipman 2011"/>

* The [[World Bank]] estimated that, by purchasing power parity, one [[Geary–Khamis dollar|International dollar]] was equivalent to approximately ¥1.9 in 2004.<ref>{{cite web|url=http://devdata.worldbank.org/wdi2006/contents/Table4_14.htm|archive-url=https://web.archive.org/web/20100710061859/http://devdata.worldbank.org/wdi2006/contents/Table4_14.htm|title=World Bank: ''World Development Indicators 2006''|archive-date=10 July 2010}}</ref>
* The [[International Monetary Fund]] estimated that, by purchasing power parity, one International dollar was equivalent to approximately ¥3.462 in 2006, ¥3.621 in 2007, ¥3.798 in 2008, ¥3.872 in 2009, ¥3.922 in 2010, ¥3.946 in 2011, ¥3.952 in 2012, ¥3.944 in 2013 and ¥3.937 in 2014.<ref>{{cite web |url=http://www.imf.org/external/pubs/ft/weo/2009/01/weodata/weorept.aspx?pr.x=41&pr.y=7&sy=2006&ey=2014&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924&s=PPPEX&grp=0&a= |title=World Economic Outlook Database, April 2009 |publisher=IMF |access-date=6 January 2015 |archive-date=23 April 2021 |archive-url=https://web.archive.org/web/20210423132152/https://www.imf.org/external/pubs/ft/weo/2009/01/weodata/weorept.aspx?pr.x=41&pr.y=7&sy=2006&ey=2014&scsm=1&ssd=1&sort=country&ds=.&br=1&c=924&s=PPPEX&grp=0&a= |url-status=live }}</ref>

The People's Bank of China lowered the renminbi's daily fix to the US dollar by 1.9 per cent to ¥6.2298 on 11 August 2015. The People's Bank of China again lowered the renminbi's daily fix to the US dollar from ¥6.620 to ¥6.6375 after [[Brexit]] on 27 June 2016. It had not been this low since December 2010.