The Chinese currency has been going low against US dollars for 4 straight days. The news attracted much attention.

Let's take a closer look at media opinions.

'Shanghai Security Journal' carries an article analyzing the timing of renminbi devaluation. It finds that now is not a good time because such a move could trigger international trade disputes. On the other hand, a strong currency bases on the stability of its value. The depreciation of renminbi could be harmful for China's long-term strategic goals.

A commentary from the 'Beijing News' says that currency devaluation is not a unique measure for a country, it can be easily implemented between trading partners, and can quite possibly lead to an overall trading protectionism. However, a sustained depreciation could also trigger an outflow of capital, which can harm the nation's aim to increase investment.

'China Security Journal' carries a review saying that as part of the macro-control measures, adjustment of the renminbi's exchange rate aims to win valuable time for domestic demand stimulation and economy structure regulation, rather than simply releasing a message that the Chinese government will keep depreciating reminbi to promote exports and guarantee the employment.