人民币升值的利弊

TheprosandconsoftheappreciationoftheRMB宋佳岭41401320陈泓宇41401221曾静怡41401229赖伊兰41401227赵雪41402309何英414016092023/2/5List

AbstractKeywordsThebackgroundoftheappreciationoftheRMBThereasonsoftheappreciationoftheRMBTheprosandconsoftheappreciationoftheRMBMeasuresConclusions

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

background背景21stGlobaleconomicdownturnThewesterncountriesfacedeflationChina'seconomicdevelopmentChina'sforeignexchangereservescontinuetoincrease2023/2/5China'seconomicdevelopmentChina'sforeignexchangereservescontinuetoincrease

2002，ThegroupofsevenOECDmeeting,JapanaskedtomakeRMBappreciationDollarsweakness,somecountriesinEuropeandEastAsiajointheranksoftheappreciationoftheRMBTheUSAalsosaidthattheRMBshouldappreciated2023/2/5Relatedconcepts1.RMBappreciation:

toenhancethepurchasingpoweroftheRMB.Forexample,intheinternationalmarket,theoriginaloneyuanonlytobuyaunitofgoods,theRMBappreciationwillbeabletobuymoreunitsofgoods,theappreciationordepreciationoftheRMBexchangerateisreflectedbythe.2023/2/52.Definitionandimpactoftheexchangerate:theexchangerateistheratioofacountry'scurrencytoanothercountry'scurrency,whichisthepriceofanothercurrency2023/2/53.RMBrealexchangerate:iftherealexchangeraterises,thepriceofforeigngoodsandservicesisrelativelyhigher,thepurchasingpowerofthelocalcurrencyinforeigncountriesisrelativelydecreased,therealdepreciationofthelocalcurrency,therealappreciationofforeigncurrency4.ThenominalexchangerateofRMB:toacountry'sforeigntradepartners,andthevolumeoftradeinthecountry'stotalforeigntradevolumetheproportionfortheweight,willeachtradepartnersofthenominalexchangerateistheweightedaverageoftheexchangerateindex2023/2/55.RMBexchangerateregimeoverview:atpresent,theRMBexchangerateregimeforamanagedfloatingexchangerateregime.6.Purchasingpowerparitytheory:AStudyonthetheoryofpurchasingpowerrelationsbetweendifferentcountries.Thecoreviewisthatthecountryneedsforeigncurrencyorforeigncurrency,becausethesetwokindsofcurrencyhavethepurchasingpowerofthecommodityineachcountry.Theratioofthetwocurrenciesisthe"first"basic"basis".ThereasonsTherealeffectiveexchangerateappreciationoftheRMBPurchasingpowerparitytheorysuggeststhattheappreciationoftheRMBThebalanceofpaymentstheorysupporttheappreciationoftheRMBFrominternationalpressure,theinternationalcommunity'sstrongexpectationsfortheappreciationoftherenminbi2023/2/5Presentsituation(1)asmallrevaluationoftherenminbihastriggeredastrongexpectationoffurtherappreciationoftherenminbiintheinternationalfinancialmarkets.(2)ernationaldomestic(1).Theincreaseinthetradesurplusandthelargenumberofforeignexchangereservesarestilltheinternalpressuretoforcethefurtherappreciationoftherenminbi.(2).Highspeedgrowthoftheeconomyistheinherentpoweroftheappreciationoftherenminbi.(3).Thecontinuedvalueofthecurrencyhasledtoanexcessivecostofimports,theappreciationoftherenminbiistheinherentneedofChina'seconomicdevelopment.2023/2/5Aboutthepresentsituationofinternational(1)asmallrevaluationoftherenminbihastriggeredastrongexpectationoffurtherappreciationoftherenminbiintheinternationalfinancialmarkets.2013年人民币对美元汇率（美元=100）（元）：619.32Presentsituationofinternational2023/2/52014年人民币对美元汇率（美元=100）（元）：614.28Presentsituationofinternational(2)thetradefrictionisstillsharpandthepressureontheappreciationoftherenminbicontinuestoexist2023/2/5PresentsituationofdomesticAbout

thepresentsituationofdomestic(1).Theincreaseinthetradesurplusandthelargenumberofforeignexchangereservesarestilltheinternalpressuretoforcethefurtherappreciationoftherenminbi.2012年中国的商出口贸易总额2023/2/52013年中国的出口商品贸易总额Presentsituationofdomestic2023/2/5Presentsituationofdomestic2013年中国的外汇储备2023/2/5Presentsituationofdomestic2014年中国的外汇储备2023/2/5Presentsituationofdomestic(2).Highspeedgrowthoftheeconomyistheinherentpoweroftheappreciationoftherenminbi.2012年中国的经济活动人口2023/2/52013年中国的经济活动人口Presentsituationofdomestic2023/2/5Presentsituationofdomestic(3).Thecontinuedvalueofthecurrencyhasledtoanexcessivecostofimports,theappreciationoftherenminbiistheinherentneedofChina'seconomicdevelopment2013年中国进口额2014年中国进口额2023/2/5prosToacertainextent,tobalancethedomesticprices,convenientandpeoplelifeIshelpfultopromotetheadjustmentofindustrialstructureinourcountryToimporttradeToeasetradedisputes,andestablishagoodinternationalimageofourcountry2023/2/5

Toimporttrade2023/2/52005年——2012年中国进出口贸易额变化趋势（单位：亿美元）2023/2/52005年——2012年中国出口商品结构构成情况2005年——2012年中国进口商品结构构成情况2023/2/52005年以来我国一般贸易、加工贸易出口额占出口总额比重Inthelongrun,theappreciationoftheRMBhasoptimizedthestructureofChina'sexportcommodities.In2003,theexportofcapitalandtechnologyintensiveproductshasexceededtheproducts,whilein2005China'smechanicalandelectricalproductsbecomethemainproductsofexport,China'sexporttradestructurebegantoshiftfromlabor-intensiveindustriestocapitalandtechnologyintensiveindustries,exporttradestructureintheoptimization.Appreciationoftherenminbialsomakestheimportofmachineryandtransportationequipmentandotherproducts,theintroductionofadvancedtechnologytoimprovethelevelofourproducts,optimizetheindustrialstructureofchina.consIsnotconducivetoforeigntradeexportgrowthForintroductionofforeigncapitalAffectthestabilityoffinancialmarketsCanincreasetheemploymentpressureMeasureOptimizethestructureofexportproducts,enhancingindustr