Study On Issues Of RMB'S Exchange Rate During 2001～2010

Based on the founded RMB'S exchange rate function, The second chapter analyzes qualitatively and quantitatively the effect on the variable deciding the tendency of RNB'S exchange rate as China will enter into WTO, and makes predict that RNB'S exchange rate will appreciate at the beginning of Chinas entering into WTO, which will be beneficial for China to get rid of the present economic dilemma.Based on the analyses of RMB'S full convertibility of the capital account and it's proceeding and the selection of institution of RMB'S exchange, The third chapter makes a qualitative and quantitative analysis on the tendency of the change of the capital account during 2001~2010. Furthermore, the author predicts that the capital account should keep balance on the whole, which exert little impact on appreciation of RMB'S exchange rate.Based on the analyses of the proceeding of our located-market interest rate after our country entering into the WTO and on the theory of the relationship between interest rate and exchange rate, the fourth chapter predicts that, speaking totally, interest rate will rise and fluctuate greatly, and that interest rate will exert positive effect on RMB'S Appreciation, and that RMB'S exchange rate will fluctuate greatly.Based on the analyses of the reform of the system of taxation after our country entering into the WTO, the fifth chapter predicts that the reform will exert negative impact on the capital account and promote capital out-flow and limit capital in-flow, which will exert influence on RMB'S depreciation.