Study On The Impact That Imported Inflation Brought To China’s Economy

Since the beginning of the new century, global resource commodities prices have soared,energy commodities, crude oil, industrial raw materials, metals and minerals class representedby copper and iron, the prices of agricultural raw materials such as natural rubber, soybeancommodity rose sharply. Sweeping global resource commodity prices,affected the price ofmanufactured goods and the services directly, made the global inflation become the focus ofmacroeconomic in recent years. In recent years, the rise of the global resource commodityprice caused by the international oil prices and the global bulk agricultural prices forms acost-push global inflationary pressures, as well as the changing of monetary policy after thesubprime mortgage crisis and the increasing of global inflationary pressures,and so on, thatlead to a world facing imported inflation, China is overwhelmed by the imported inflation onthe international transmission mechanism of the exchange rate, foreign exchange reserves,external debt and capital markets, which has made a great contrubute to China’s economy.In the context of the US subprime mortgage crisis, the global economy slow down, butimported inflation in the advanced economies and developing economies is rising, the rise ofthe overall and core inflation has reached the highest level since the beginning of this century.In recent years，China’s economy has gained a rapid growth, while due to an increase offoreign exchange reserves and so much RMB running, have had a great impact on the lives ofordinary people in China. Therefore, only understanding the impact that imported inflationbrought to China’s economy clearly, can our country governance the inflation better, protectagainst the adverse effects of imported inflation better.The main subject is on the base of learning the content related to inflation, explores somekey issues of the impact that imported inflation brought to China’s economy. Theoreticalyanalysis the content related to inflation, combine with the new features of the currentimported inflation showing, to explore the impact that imported inflation has, and research,analyse from all aspects, test the theory of inflation combined with empirical analysis. Finally,recommend some actual effective policy according to the development of China’s socialistmarket economy to resist the adverse effects on China’s economy of the imported inflation,and promote China’s economic healthily, stably and sustainably.