The Impact And Countermeasures Of The Appreciation Of RMB On China's International Trade

At present,with the rapid development of China's economy and growing economic strength , the RMB in the international market is facing a severe appreciation pressure of RMB on China's foreign trade is bound to have a certain impact on development. In understanding the background of the appreciation of the RMB,the reasons and process on the basis of the focus from analysis of both positive and negative aspects of the RMB appreciation on China's international trade,and then explore the response to the appreciation of RMB against the strategy and measures to promote China's international trade in the healthy and orderly development.The full text is divided into four parts,Chapter I sets out the theoretical significance of the topics and practical significance,for domestic and foreign scholars on the study reviewed the relevant literature,summarizes the main points of this article and the article pointed out that innovation. Topics include the background and significance; research ideas and methods,and innovation and lack of this paper. The second part of the transition is part of the full text and background,the basic theory of the exchange rate in detail. The concept of the exchange rate,price and variety of methods; the type of exchange rate regime from the division of the exchange rate,exchange rate system and the type of concept. This paper focuses on the concept of a floating exchange rate system and its types; the evolution of the RMB exchange rate system; the current RMB exchange rate system; exchange rate changes and their impact on the economy. Exchange rate movements on a country's domestic economic impact: the impact of price increases or decrease; certain circumstances the impact of export goods production sector. Exchange rate movements on a country's economic impact: on the one country,the impact of capital flows; the impact on the tourism sector; a country's exchange rate movements on the impact of gold and foreign exchange reserves. Part III and Part IV is a key part of this article. The third part focuses on the appreciation of RMB on the impact of international trade,including: background and the reasons for the appreciation of RMB analysis; Analysis of the Role of the appreciation of RMB; from an economic point of view the main basis for the appreciation of RMB; some of the authority of international institutions and trade partners have been on the view that there are different levels of RMB undervalued. According to the theory of international economics,foreign exchange savings of over-pricing itself too high to show that the foreign currency,the currency price is too low,the currency appreciation pressure. The world's major currencies,including the Southeast Asian country's currency to appreciate significantly against the U.S. dollar are,only the exchange rate of RMB against the U.S. dollar has not adjusted,that is,in fact,also the RMB against other currencies following the dollar devaluation. Analysis of international politics from the perspective of the RMB exchange rate issue is not only economic issues,international political issue. RMB exchange rate issue is not only economic issues,international political issue. Western countries simply the level of the Yuan currency to its own linked to the manufacturing sector recession in an attempt to force revaluation of the RMB. Employment opportunities caused by the United States to reduce the factors that are not Chinese,but the globalization of the invisible hand of competition. Foreign clamor one reason for the appreciation of the renminbi exchange rate is too low. Second,China's foreign exchange reserves are too high,since China's accession to the WTO,there has been no surge in imports,but a substantial increase in trade surplus. Third is a large number of exports of cheap Chinese goods deflation in the world. Financial hegemony and military hegemony,as an extension of economic hegemony,the United States by virtue of the international monetary system in the dominant position,according to their own free will to pursue its policy of mandatory,continuing hegemony profits and maintaining its "financial hegemony in the country" status. The United States through the depreciation of the dollar,we can reduce its external debt burden. RMB exchange rate between the fundamental purpose,that is,the United States hope that the appreciation of the RMB,impeding large-scale Chinese goods into the United States. Put pressure on the appreciation of the RMB and the U.S. anti-dumping policy,together,constitute the Bush administration to adjust its economic and trade policies of the new content. The reasons for the appreciation of RMB in China's economic system are from the internal dynamics and external pressure. Internal reasons for the impact of RMB appreciation in China's economic system from the internal dynamics and external pressure. At the same time to strengthen the capacity of the economy since the cycle to alleviate "economic overheating",curb inflation. Appreciation of RMB on the pros and cons is of the impact of international trade analysis. Detailed appreciation of RMB to the favorable impact of international trade,it can be forced to carry out industrial restructuring in China,so labor-intensive sector capital flows,capital-intensive sector,the high-tech and high value-added industrial direction; optimizing China's export trade structure,expanding domestic demand,which contribute to the formation of China's steady economic growth trends; to reduce the cost of imported goods in China; reduce China's trade sanctions encountered; to improve China's foreign trade enterprises the ability to make acquisitions overseas enterprises to change their operational mechanism,enhance the capability of independent innovation,to improve international competitiveness and ability to resist risks. Revaluation of the RMB against the adverse effects of international trade: China's foreign trade enterprises are not conducive to exports. For export enterprises,the level of their earnings in foreign currency exchange rate with the level of close contact; the pressure of unemployment will increase; financial risks will increase; inflation pressure; increase in the loss of creditors. Part IV demonstrates a detailed appreciation of the RMB against the background of the development of China's international trade measures: the appreciation of RMB to deal with the financial problem; adjust the consumption tax and reducing the export tax rebate rate to reduce the trade surplus; adjustment of the existing preferential tax policies for foreign investment,foreign capital out of bad. Response to the appreciation of RMB's foreign trade system adjustments: change in China's development strategy,domestic demand from export-oriented model to adjust the import and export commodities of China's trade structure,promote industrial upgrading; actively promote foreign trade and innovation , to reduce China's dependence on import and export trade of the country; sound service system for foreign trade. International trade enterprises should change their business strategy. Optimize the export product mix,improving product technology content and added value,and enhance industrial competitiveness. To avoid exchange rate risk to enhance the awareness and capacity; improve the international trade of independent innovation capacity of enterprises.Finally,come to the conclusion: Although the RMB appreciation on China's international trade development there will be some short-term adverse effects of short-term appreciation of RMB would increase the import equipment and raw materials to expand the trade deficit. But in the long term,will help improve the economic efficiency of the export sector,the promotion of structural adjustment,improve export competitiveness,while the appreciation of RMB to reduce the cost of imports and promote domestic enterprises to import foreign advanced equipment and technology,which will help domestic foreign trade enterprises to upgrade,but also help to improve the efficiency of the domestic foreign trade enterprises,and eventually reverse the trade deficit,thus improving our country's trade balance. The effective elimination of RMB appreciation on China's import and export trade of the adverse effects of the joint efforts of all aspects of need,it is necessary to take appropriate measures to prevent wide fluctuations in RMB to reduce its import and export trade on China's adverse effects,but also make full use of RMB a small appreciation of China's role in promoting the development of foreign trade. Response to the appreciation of RMB financial counter-measures,to adjust the consumption tax and reducing the export tax rebate rate to reduce the trade surplus,such as by controlling the excessive growth of foreign exchange reserves,to adjust our strategies and to optimize the trade structure of export production , and increase the technological content and added value to enhance industry competitiveness. Enhanced exchange rate risks in international trade to avoid the awareness and ability. International trade enterprises improve the capability of independent innovation.