Sino-US Trade Imbalance Of Legal Issues In The Context Of The RMB Exchange Rate

Economic globalization is accelerating the pace while financial reform continued shouting voice. At the same time, whether the capital account is open or not has already been put in front of us. With the rise of China, huge Sino-US trade surplus push the issues of" exchange rate" to the forefront, becoming the "target "of western countries accusation, almost a target for all, blaming China’s exchange rate regime is fixed, still lacking of freedom. Accusing China of "currency manipulation" to gain an unfair trade advantage over the United States, thus constitute a prohibited subsidy, violating the rules of WTO. The paper starts from the Sino-US trade dispute background, elaborating the exchange rate and related concept, quoting series of charges and intended actions of the United States on China up to now. After that, the paper mainly analyze jurisdiction of WTO and IMF on the issue of RMB exchange rate, using the provisions of IMF and WTO to counter so-called "currency manipulation"," export subsidies" against China one by one. Finally, the author puts forward suggestions on developing direction of our country in the financial field under the background of economic globalization.