RMB Appreciation On China's Import And Export Trade Impact Study

China on July 21, 2005 launch of the RMB exchange rate formation mechanism reform, the reform, the RMB exchange rate hit record highs. Exchange rate as an important economic lever, both inside and outside the national economy balanced and healthy development of world economy and the operation is playing an increasingly important role in influencing a country or region the development of import and export trade one of the important factors. Sustained and steady development of trade within and outside the national economy is to achieve balanced economic growth and an important guarantee. 2007, China's foreign trade amounted to 2.1738 trillion U.S. dollars, representing a 23.5% growth in 2006, a net increase of 413.4 billion U.S. dollars. One year, China imported 955.82 billion U.S. dollars the total, exports amounted to 1.21802 trillion yuan, respectively, than in 2006 rose 20.8 percent and 25.7 percent, the accumulated trade surplus was 262.2 billion U.S. dollars. According to customs statistics, since 2002 China formally joined the WTO, China's foreign trade growth rate in six years in a row to maintain more than 20 per cent, the import and export scale of the two turned up. In the world rankings from 2002 jumped sixth place in the third, after the United States and Germany. Since 1994 China's managed floating RMB exchange rate system since the exchange rate in trade development in the increasingly important position and role, exchange rate movements on trade impact on the development of more significantly, the exchange rate changes on the regulation of trade development and strength and conditioning of the continuous deepening of Development, the exchange rate on the role of import and export trade more attention. With the rapid development of China's import and export trade, China's import and export trade with developed countries in the West friction between the more and more, and some developing countries trade friction is also very Catching up trend. In recent years, the US-led developed countries to the actual value of the yuan too low and the impact of international trade to other countries strongly request for a larger appreciation of the RMB, China's domestic price inflation and a devaluation of the RMB's obvious pressure.People's Bank of China on July 21, 2005 announcement that, in order to establish and perfect China's socialist market economic system, give full play to the market in allocating resources to the basic role, and establish and improve market supply and demand-based, managed floating exchange rate System, approved by the State Council, since July 21, 2005, China began to implement the basis of market supply and demand, with reference to a basket of currencies conditioning, a managed floating exchange rate system. RMB exchange rate policy changes in how to promote steady growth of China's import and export trade, the RMB exchange rate to what kind of policy we can really continue to promote China, Asia and the world economy and trade steady growth, harmonious development of a longer period of time we will have to face the major theoretical And practical issues.Based on China's accession to the WTO since China's foreign trade development of the recalled that the analysis in the appreciation of the RMB under the pressure of exchange rate movements on the impact of China's import and export trade in real terms, while on the import and export and trade-related exchange rate theory, theory Research on the exchange rate of China's import and export trade, according to a Marshall Lerner established a theoretical model, the exchange rate on the actual impact of China's import and export trade conducted a quantitative analysis and finally through the empirical conclusions of the analysis, with China's import and export Trade development in the existing problems, by the relevant policy options and advice.