The Development Of China-US Relation Under The Background Of RMB Exchange Rate Game

The argument about RMB exchange rate is a diplomatic chip of America. Especially afterthe financial crisis, for the reason of trade deficit, the tradition of electoral politics and thechange of international structure. America always use RMB exchange rate to find quarrel in astraw. The game about RMB exchange rate between China and America turn white-hot.Since China’s accession to the World Trade Organization in2001, a huge increase happenedin export, the influence on the world economy is growing, some politicians and groups in theUnited States have asked for the appreciation of RMB,"the schumer-graham bill" came out inthis case, the first time of RMB exchange rate game began. The second time of the game beganin2006. The Bush administration blamed China’s strict control of pegged exchange rate, askedthe Chinese government to adjust RMB exchange rate.The third time of the game began in2010.130members of congress proposed to list China in the "currency manipulator", andinvestigated the"monetary protectionism" behavior of China.In three times of the game, Americais offensive and aggressive,while China is defensive and insist on keeping independent, gradualand controllable.We can analysis the change of China-US relation through the presentation of the gameabout RMB exchange rate. It’s easy to find, the American policy toward China have dualcharacter, on the one hand, to keep in touch with China. On the other hand, to contain thedevelopment of China. Especially China is developing in a high speed recently, has greatinfluence on the international. The intention of American to contain China become more extrude.The argument about RME exchange rate is a good reflection. To contain the development ofChina not only affect the stability of China-US Relation,but also affect the development of worldeconomy. In this case, the China-US strategic economic dialogue mechanism is established andcontinue to deepen. This mechanism has a positive effect on easing the issue of RMB exchangerate and establish benign China-US relation.