With Regard To The Question Of International Law Of The Rmb Exchange Rate Analysis

While there is global imbalance, China gains great improvements in economy. Those western countries are worried about their economic status, and feel threatened by China's rising. It is one of the hottest topics in which the western countries charge that China's economy has impeded the development of their economy. Stress for the appreciation of RMB has surged up in 2010. The western countries like the U.S.A and European Union and some international organizations required that China should adopt the arrangement of RMB exchange rate which is much more flexible. In this paper, it will prove that allegations to RMB exchange rate by the western countries, in accordance with the provisions and implement of international law.This paper is composed of four parts. The first part is about the arrangements of RMB exchange rate since its generation. It implies that each arrangement is suitable in the corresponding period. In the second part, it refutes the argument of the western countries that China manipulates the exchange rate of RMB by IMF agreements. In the third part, it refutes another argument that it's dumping and a subsidy in the international trade that the appreciation of RMB caused by manipulation of RMB exchange rate. The fourth part is suggestions about arrangement of RMB exchange rate. This part includes affects of RMB appreciation on China and world economy. At last, it lists suggestions for China's policies.