第1个回答 2010-01-29
Renminbi revaluation impact on foreign trade
On the open economic condition, exchange rate changes has a crucial importance on a country's economic development . Since the People's Bank announced the RMB exchange rate reform on July 21, 2005 , the RMB exchange rate against the U.S. dollar has been in a slow upward trend. This paper discusses the background and the appreciation of the RMB exchange rate changes and the relationship between export and import growth, combined with the economic status of China's foreign trade and current economic trends, analyzing the future impact made by RMB revaluation on foreign trade&economy .
I The Background and Reasons of RMB Appreciation
Since the People's Bank announced the RMB exchange rate reform on July 21, 2005 , the RMB exchange rate against the U.S. dollar has been in a slow upward trend. On January 4, 2006,the RMB Central parity rate started as 8.0702 ,then the RMB exchange rate has gone up from a slow to the sprints, then again to a "buildup" process. According to the RMB Central parity rate 7.8087 on December 29,renminbi has appreciated 2615 basis points during the year .
The reason of the existance in RMB exchange rate revaluation pressure is complex,which is conbined of international social, political and economic interests . The global voice of demands for RMB appreciation is growing louder and louder,which is mainly based on China's trade surplus and huge foreign exchange reserves,etc.
II the analysis of impact on China import and export trade made by RMB appreciation
The currency appreciation holds high proportion of import,which are long-term positive for industries who have large-scale foreign currency debt .However, companies with high foreign currency assets and export-oriented businesses will be impacted a lot, especially negative impact on low value-added, low-margin export sectorsuch as textiles, garments, agricultural products processing ones.
(A) The beneficial effects of RMB revaluation on China's import and export trade
1. To the benifit of reducing the cost of imported goods. 2. To the benifit of promoting trade structure optimization and upgrading. 3. To the benifit oing improve national well-being
(b) The adverse effects of the RMB appreciation on China's import and export trade
1 Undermine the international competitiveness of China's exports,to the disadvantage of China's foreign trade export growth.
2. The renminbi appreciation will increase imports of foreign products and aggravate competition in the domestic market. 3. Cause a serious impact on China's export industries and traditional industries .
第2个回答 2010-01-29
RMB appreciation for export
In open economy, changes in the exchange rate under the condition of a country's economic development has a very important significance. Since July 21, 2005, the people's bank of China announced the RMB exchange rate reform since then, the yuan against the dollar has been slow in the ascendant trend. This paper currency exchange rate and the background and the relationship with import and export growth in China, foreign economic situation and the current economic situation, analyses of China's foreign trade after the renminbi appreciation,
A revaluation of the renminbi. Background and reasons
The background of RMB appreciation
Since July 21, 2005, the people's bank of China announced the RMB exchange rate reform since then, the yuan against the dollar has been slow in the ascendant trend. January 4, 2006 8.0702 price to RMB exchange rate, the RMB exchange rate inching upward from experience to run, run to accelerate the process of ". On December 29, according to the rate 7.8087 calculation, RMB a year in which the 2615 p.p. appreciation.
RMB appreciation
RMB exchange rate appreciation pressure on the existence of reason and the international is a complicated social, political, and economic benefit of the mixture. International appreciation of the renminbi, the main basis lies in rising China's trade surplus, massive foreign exchange reserves.
Second, the RMB appreciation for import and export trade influence analysis
Currency appreciation for the import business people, high proportion of foreign currency debt large industry is long-term benefit of export business, but with high priority, foreign currency assets of enterprises, especially the impact textile, agricultural product processing, etc, and low value-added export industry low profits, the negative effects.
(a) renminbi appreciation of the beneficial effects in import and export trade
1 to reduce the cost of imports.
2 to promote trade structure optimization.
3. To improve the welfare of the nation
(2) for our import and export trade revaluation of adverse effects
Weakening the international competitiveness of Chinese export commodity export growth in China, unfavorable.
2 revaluation would increase imports of foreign products, domestic market competition.
3 for our export trade and traditional advantage industry caused serious impact.
第3个回答 2010-01-29
Yuan revaluation impact on foreign trade in an open economic conditions, exchange rate changes on a country's economic development has a crucial importance. Since July 21, 2005 Since the People's Bank announced that the RMB exchange rate reform, the RMB exchange rate against the U.S. dollar has been in a slow upward trend. This paper discusses the background and the appreciation of the RMB exchange rate changes and the relationship between export and import growth, combined with the economic status of China's foreign trade and current economic trends, analyzing the future revaluation of the yuan's foreign trade and economic impact of one. RMB appreciation of the background and the reasons for the appreciation of the RMB Background Since July 21, 2005 Since the People's Bank announced that the RMB exchange rate reform, the RMB exchange rate against the U.S. dollar has been in a slow upward trend. January 4, 2006 to 8.0702 yuan central parity rate started the RMB exchange rate has gone up from a slow to the sprints, then to "buildup" process. Accordance with the December 29 exchange rate of 7.8087 U.S. Dollar terms, the renminbi has appreciated during the year 2615 basis points. The reasons for appreciation of the RMB revaluation pressure on RMB exchange rate because there is a complex international social, political and economic interests combines issues. Of international demands for yuan appreciation growing louder and louder, mainly based on lies in China's trade surplus and huge foreign exchange reserves. Second, the RMB appreciation on China import and export trade impact analysis of currency appreciation on the import of high proportion of foreign currency debt in terms of large-scale industries are long-term positive, but the export-oriented businesses, companies with high foreign currency assets, a greater impact, especially in textiles, garments, agricultural products processing, low value-added, low-margin export sector a greater negative impact. (A) The yuan revaluation on China's import and export trade beneficial effects of one. Is conducive to reducing the cost of imported goods. 2. Conducive to the promotion of trade structure optimization and upgrading. 3. Will help improve the national well-being (b) of the RMB appreciation on China's import and export trade, the adverse effects of one. Undermine the international competitiveness of China's exports is not conducive to China's foreign trade export growth. 2. Renminbi appreciation will increase imports of foreign products, increased competition in the domestic market. 3. For China's export industries and traditional industries can cause a serious impact.