RMB continuously depreciate and dropped 3.12% during the first quarter. ANBOUND points out that central bank's timely intervention on RMB exchange rate is necessary and the success rate will be quite promising. China’s central bank should ensure RMB exchange rate against the US dollar stay at a reasonable interval to avoid the spread of negative impact from the sharp devaluation of RMB. Once the value of RMB is stabilized, the market expectation will also become stable and this is vital to China in 2014.