The Appreciation Of RMB Under The Major Counties's Relationship

Question of the currency value of RMB,the internal cause analysis is the comprehensive strength of our country's economic development,the external factor analysis is today's world power game.In today's world economic development,the trend is globalization,integration, liberalization.In this economic context,in order to achieve the goal of a balanced inside and outside each country to vigorously promote the international financial and economic policies,one of the core aspects of the exchange rate system is a reasonable arrangement. In an open economy,exchange rate can affect a country's growth,employment,social welfare and the efficiency of micro-economic sector has a critical influence.Dispute over the RMB exchange rate issue is the focus problems in current international financial markets,and even attracts the governments ' attention.In February 2003,the Japanese in G7 conference came up with a proposal to force revaluation of the RMB rate.After that,the US-led,including in Europe called on the international community to ask the Chinese to speed up the appreciation speed of the RMB rate.This question raises the concern of the peoples of the world,for China is a tremendous pressure.Mentions from the international politics,the dispute in the major countries over the RMB exchange rate is essentially political and economic interaction,the embodiment of national interests' requirement.Japanese,United States and Europe on the basis of their domestic political and economic pressure,out of worry about the impact of Chinese exports and so on,trying to force the RMB to appreciate to ease its domestic political and economic contradictions;Chinese government are based on the difficult economic restructuring and safeguard the stability of political and economic environmental needs and the gradual reform of the policy preferences and other factors,according to its own timetable for trying to line up the reform of RMB exchange rate formation mechanism.Recently,the United States is continuing to exert pressure on China,think the reason of current account deficit or trade deficit is the nonappreciation of the RMB.At the same time,Japan,the European Union and other countries have also imposed by the appreciation of the RMB exchange rate pressure for the relaxation of the RMB exchange rate flexibility,and said the RMB exchange rate to be able to fully reflect China's current international economic strength.Questions about the appreciation of the renminbi debate,the essence is the backdrop of global economic integration between the interests of all countries of the external performance is related to national economic development and international status of the major problems.Requested by the countries concerned the pressure of RMB appreciation on the RMB exchange rate and domestic and international debate on the issue shows that integration into the globalization initiative as a big country,the RMB exchange rate of international economic relations has become an important issue;The RMB exchange rate determination and adjustment on a country's macro-economy becoming more and more important,it has gone beyond the purely economic areas and become a sensitive political issue.Our country Government sizes up the situation,timely rapid response and adopt a prudent and decisive measures and countermeasures,not only guarantees the value of the renminbi exchange rate basically stable but also to adapt to the world development trend of economic integration,and promote the reform of RMB exchange rate formation mechanism,put forward a package of major currencies around the world programs to improve the status of the renminbi.