Analysis On The Politicizing RMB Exchange Rate In The Sino-US Relations

Since2003, the RMB has become an important factor to affect China’s exchangerate policy.With the development of Sino-US relations, bilateral economic relationshave become increasingly important.In this process, the RMB exchange rate issue hasbeen politicized.The Politicizing RMB exchange rate has two two phases:From2003to2007,it is the beginning of the Politicizing RMB exchange rate.From2010to2011,it is the development of the Politicizing RMB exchange rate issue.Sino-USPolitical and Economic Relationships is the reason for the Politicizing RMB exchangerate issue.Renminbi exchange rate issue is politicized from the Sino-US political andeconomic relations, the U.S. trade deficit is the direct cause of the political formationof the Renminbi exchange rate issue, while the asymmetric interdependence betweenChina and the United States is another of the political formation of the RMBexchange rateimportant reason.Renminbi exchange rate issue is the joint effect of theresults of the two countries’ political and economic decision-making.Politicize the issue of RMB exchange rate is a product by the Sino-US politicaland economic and trade relations, the formation depends on the asymmetricalinterdependence in the Sino-US relations. The RMB exchange rate issue politicizednature of the externalization of the employment problem is that the United States, aswell as the implementation of the U.S. financial hegemony. RMB exchange rate issueis the results of the joint effect of the two countries’ political and economicdecision-making, by the profound impact of the bilateral political and economicfactors.Not simply analysis from the Chinese side or the U.S. of view, starting fromthe decision-making between the two countries has a major influence political andeconomic interests, taking into consideration the balance of political decision-makingbetween the two countries on the RMB exchange rate issue is politicized.Renminbi exchange rate issue is politicized should proceed from the interests ofboth countries to consider measures to be taken.Based on the impact of RMBexchange rate issue politics of political and economic factors were analyzed, on theproblem of RMB exchange rate on China ’s political interests within the impact, andon this basis, put forward to answer the problem of RMB exchange rate politicalstrategies.