Rouble slump won\\\'t hit RMB: Experts

BEIJING, Dec 23 (Xinhua): The recent plunge of the Russian rouble has triggered worries of a run on emerging economies' currencies, but experts have played down the effect it will have on the renminbi.
Researcher at the Institute of Finance and Banking, under the Chinese Academy of Social Sciences, Peng Xingyun on Tuesday was upbeat that the rouble's depreciation would not weaken the Chinese currency in the long run, although he acknowledged it would have short term adverse effects.
China's economy is adapting to its "new normal", characterised by slower growth but higher quality, which, it is hoped, can provide a solid foundation for a strong currency, Peng said.
Amid China's efforts to boost the internationalisation of the RMB it will try to avoid a sharp depreciation of the currency, he said.
Drastic RMB depreciation could cause trade-related friction between China and the United States, as China has a trade surplus against the US, Peng said.
The rouble's recent depreciation has exerted no significant impact on China and China's economy and capital flows are normal, said Wang Yungui, an official of the State Administration of Foreign Exchange last Thursday at a press conference.