The Impact Of RMB Appreciation On China 's Economy And Korean Economy

China achieved rapid economic growth in very short period. Economy, culture, life style changed in many ways. Rapid economic growth of China also raised many inner problems, such as high inflation pressure, increase of market price.At begging of economic growth, China choose exchange rate as fixed exchange rate policy. Exchange rate didn’t change while China had huge economic surplus. Huge amount of surplus in current account made developed countries to force China, and this could be explained as outside problem of China.Lot’s of experts says that Chinese currency is low evaluated. This is the basic reason why all the problems are in issue. Recently RMB revaluation is one of the most important economic topics. Also it was controversial in times past, however developed countries’direct pressure made this topic to be more embroiled.However there is still no certain answer for RMB revaluation. Even experts have different sight and government also cannot provide definite answer. It caused by uncertain forecast of RMB revaluation. Exceptional case always exists in economy, and it is the reason why there is no certain answer yet. However it is clear that RMB revaluation might occur in the near future as it happened before. After RMB revaluation on2005and2007, world economy had an influence. Especially east-asian countries impacted a lot. RMB revaluation and its impact to China and Korea will be handled in this thesis. Knowing more about impacts will suggest the most stable way of RMB revaluation.