Rmb Appreciation Positive Impact on China’s Economy and...

The appreciation of the RMB issue has attracted attention of various circles at home and abroad. By analyzing the current RMB exchange rate appreciation on China’s economic impact at all levels, I will mainly from the industrial structure, export structure, and enterprises to change their operational mechanism, to ease trade tensions and the effectiveness of monetary policy five-pronged approach to analysis; and my final conclusion: RMB exchange-rate appreciation generated by the final result is more positive than negative, impact is positive. In the current context of the appreciation has become a fact, china should actively take the appropriate follow-up measures to stabilize and optimize the economic environment, to minimize possible†¦show more content†¦In the 11 years, the international economic situation has undergone great changes; pegging the RMB exchange rate formation mechanism type has become increasingly unsuited to China s economic reform and development requirements. It is demonstrated by the defects are: First, the fixed nominal exchange rate has lost its real economic significance, the current RMB exchange rate formation mechanism is difficult to form market-clearing equilibrium rate. Practice, exchange settlement and capital management system in suppressing demand for foreign exchange at the same time creating a large part of foreign exchange supply, the central bank continued to intervene and the fact that the position of the largest market makers, erase all the differences between actual supply and demand. The central bank s benchmark rate to determine the true market supply and demand balance is not the result can not reflect the market changes. Secondly, the fixed dollar-pegged exchange rate system and monetary policy, the independence of the existence of a fundamental conflict, undermine the effectiveness of monetary policy cannot meet the needs of economic development. Monetary policy autonomy is essential for China’s macroeconomic stability; monetary policy should take precedence over the independence of significant exchange rate stability. But the Yuan against the U.S. dollar exchangeShow MoreRelatedThe Appreciation of Rmb2718 Words   |  11 PagesInternational Business The influence of the RMB appreciation on China’s external trade and countermeasures Group No.: Team 9 è ° ¢Ã¥ ¥â€¡Ã¯ ¼Ë†3211004310ï ¼â€° é »â€žÃ© â„¢Ã¥ â€ºÃ¯ ¼Ë†3211004300ï ¼â€° é »Å½Ã¥  ¯Ã§ ¿  Ã¯ ¼Ë†3211004301ï ¼â€° ä ¸ ¥Ã¤ ½ ³Ã¦  °Ã¯ ¼Ë†3111004291ï ¼â€° 陈ä ¼Å¸Ã¥Å" ºÃ¯ ¼Ë†3111004280ï ¼â€° June 20th, 2013 Content Abstract 2 Introduction 2 Advantages 2 Disadvantages 3 Measures 4 Conclusion 6 References 6 Abstract: Recently, the appreciation of RMB has been a hot topic and caused a heatedRead MoreThe World Is Flat !, By Thomas L. Friedman1524 Words   |  7 Pagesdoubt that globalisation has positive impact on developed and developing countries. 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