TheprosandconsoftheappreciationoftheRMB宋佳嶺41401320陳泓宇41401221曾靜怡41401229賴伊蘭41401227趙雪41402309何英414016092024/6/6List

AbstractKeywordsThebackgroundoftheappreciationoftheRMBThereasonsoftheappreciationoftheRMBTheprosandconsoftheappreciationoftheRMBMeasuresConclusions

AbstractTheappreciationoftheRMBisrelativetotheothercurrencies,thatistosaytheyuan'spurchasingpower.Theyuantotradeinourcountry,economicdevelopment,employmentmatters.TherearemanyfactorsthatcanaffecttheappreciationoftheRMB.keywordsTheappreciationoftheRMBAppreciationprosandconsMovementsExchangerates

background背景21stGlobaleconomicdownturnThewesterncountriesfacedeflationChina'seconomicdevelopmentChina'sforeignexchangereservescontinuetoincrease2024/6/6China'seconomicdevelopmentChina'sforeignexchangereservescontinuetoincrease

2002，ThegroupofsevenOECDmeeting,JapanaskedtomakeRMBappreciationDollarsweakness,somecountriesinEuropeandEastAsiajointheranksoftheappreciationoftheRMBTheUSAalsosaidthattheRMBshouldappreciated2024/6/6Relatedconcepts1.RMBappreciation:

toenhancethepurchasingpoweroftheRMB.Forexample,intheinternationalmarket,theoriginaloneyuanonlytobuyaunitofgoods,theRMBappreciationwillbeabletobuymoreunitsofgoods,theappreciationordepreciationoftheRMBexchangerateisreflectedbythe.2024/6/62.Definitionandimpactoftheexchangerate:theexchangerateistheratioofacountry'scurrencytoanothercountry'scurrency,whichisthepriceofanothercurrency2024/6/63.RMBrealexchangerate:iftherealexchangeraterises,thepriceofforeigngoodsandservicesisrelativelyhigher,thepurchasingpowerofthelocalcurrencyinforeigncountriesisrelativelydecreased,therealdepreciationofthelocalcurrency,therealappreciationofforeigncurrency4.ThenominalexchangerateofRMB:toacountry'sforeigntradepartners,andthevolumeoftradeinthecountry'stotalforeigntradevolumetheproportionfortheweight,willeachtradepartnersofthenominalexchangerateistheweightedaverageoftheexchangerateindex2024/6/65.RMBexchangerateregimeoverview:atpresent,theRMBexchangerateregimeforamanagedfloatingexchangerateregime.6.Purchasingpowerparitytheory:AStudyonthetheoryofpurchasingpowerrelationsbetweendifferentcountries.Thecoreviewisthatthecountryneedsforeigncurrencyorforeigncurrency,becausethesetwokindsofcurrencyhavethepurchasingpowerofthecommodityineachcountry.Theratioofthetwocurrenciesisthe"first"basic"basis".ThereasonsTherealeffectiveexchangerateappreciationoftheRMBPurchasingpowerparitytheorysuggeststhattheappreciationoftheRMBThebalanceofpaymentstheorysupporttheappreciationoftheRMBFrominternationalpressure,theinternationalcommunity'sstrongexpectationsfortheappreciationoftherenminbi2024/6/6Presentsituation(1)asmallrevaluationoftherenminbihastriggeredastrongexpectationoffurtherappreciationoftherenminbiintheinternationalfinancialmarkets.(2)thetradefrictionisstillsharpandthepressureontheappreciationoftherenminbicontinuestoexist.internationaldomestic(1).Theincreaseinthetradesurplusandthelargenumberofforeignexchangereservesarestilltheinternalpressuretoforcethefurtherappreciationoftherenminbi.(2).Highspeedgrowthoftheeconomyistheinherentpoweroftheappreciationoftherenminbi.(3).Thecontinuedvalueofthecurrencyhasledtoanexcessivecostofimports,theappreciationoftherenminbiistheinherentneedofChina'seconomicdevelopment.2024/6/6Aboutthepresentsituationofinternational(1)asmallrevaluationoftherenminbihastriggeredastrongexpectationoffurtherappreciationoftherenminbiintheinternationalfinancialmarkets.2013年人民幣對美元匯率（美元=100）（元）：619.32Presentsituationofinternational2024/6/62014年人民幣對美元匯率（美元=100）（元）：614.28Presentsituationofinternational(2)thetradefrictionisstillsharpandthepressureontheappreciationoftherenminbicontinuestoexist2024/6/6PresentsituationofdomesticAbout

thepresentsituationofdomestic(1).Theincreaseinthetradesurplusandthelargenumberofforeignexchangereservesarestilltheinternalpressuretoforcethefurtherappreciationoftherenminbi.2012年中國的商出口貿(mào)易總額2024/6/62013年中國的出口商品貿(mào)易總額Presentsituationofdomestic2024/6/6Presentsituationofdomestic2013年中國的外匯儲備2024/6/6Presentsituationofdomestic2014年中國的外匯儲備2024/6/6Presentsituationofdomestic(2).Highspeedgrowthoftheeconomyistheinherentpoweroftheappreciationoftherenminbi.2012年中國的經(jīng)濟活動人口2024/6/62013年中國的經(jīng)濟活動人口Presentsituationofdomestic2024/6/6Presentsituationofdomestic(3).Thecontinuedvalueofthecurrencyhasledtoanexcessivecostofimports,theappreciationoftherenminbiistheinherentneedofChina'seconomicdevelopment2013年中國進口額2014年中國進口額2024/6/6prosToacertainextent,tobalancethedomesticprices,convenientandpeoplelifeIshelpfultopromotetheadjustmentofindustrialstructureinourcountryToimporttradeToeasetradedisputes,andestablishagoodinternationalimageofourcountry2024/6/6

Toimporttrade2024/6/62005年——2012年中國進出口貿(mào)易額變化趨勢（單位：億美元）2024/6/62005年——2012年中國出口商品結(jié)構(gòu)構(gòu)成情況2005年——2012年中國進口商品結(jié)構(gòu)構(gòu)成情況2024/6/62005年以來我國一般貿(mào)易、加工貿(mào)易出口額占出口總額比重Inthelongrun,theappreciationoftheRMBhasoptimizedthestructureofChina'sexportcommodities.In2003,theexportofcapitalandtechnologyintensiveproductshasexceededtheproducts,whilein2005China'smechanicalandelectricalproductsbecomethemainproductsofexport,China'sexporttradestructurebegantoshiftfromlabor-intensiveindustriestocapitalandtechnologyintensiveindustries,exporttradestructureintheoptimization.Appreciationoftherenminbialsomakestheimportofmachineryandtransportationequipmentandotherproducts,theintroductionofadvancedtechnologytoimprovethelevelofourproducts,optimizetheindustrialstructureofchina.consIsnotconducivetoforeigntradeexportgrowthForintroductionofforeigncapitalAffectthestabilityoffinancialmarketsCanincreasetheemploymentpressureMeasureOptimizethestructureofexportproducts,enhancingindustr