Since she's no replying, let me give it a try (I'm not economics major tho, so, take my opinions with a pinch of salt yea) .
I don't really know deep enough regarding monetary or fiscal policy, but I would like to think that China's economy is going to be in deep trouble very soon.
China is trying to use strong and suppressive monetary policy to stabilize rising prices. This can be done by means of controlling interest rates, and the money supply.
As it stands now, RMB's lower valuation encourages foreign investments to China and also stipulates China's export industry. I guess as time goes by, U.S. will lead the objection to China's Yen valuation and force China to revalue the RMB. Stronger RMB probably does help Malaysia's export to China, given Ringgit remains the same value. On the other hand, higher RMB might cause the price of our china-imported-goods to rise. I hope the end-result is good for Malaysia though, as it might encourage more local production for export and also for local consumption.
lol, don't know if I've violated any fundamental economic theories in the above opinion or not.