人民币升值压力的来源及其消除分析

An analysis of the Cause of RMB Appreciation Pressure and Way to Remove it

人民币升值压力源于中国内外经济失衡、国际收支持续双顺差、工资不能随着劳动生产率提高而上升,人民币大幅升值对中国乃至世界经济发展都是不利的,分析认为,只有通过建立竞争性要素市场、加快经济增长方式转变,完善人民币汇率形成机制、使人民币汇率更灵活和更加适应市场供求变化,才能消除人民币升值压力。

This paper analyses the pressure of RMB appreciation, which is led by the China＇s disequilibrium in domestic and international economy, the lasting double favorable balance of payment, and no wage promotion responding to productivity improvement. The author believes that to appreciate RMB exchange rate sharply is disadvantageous for China and even for the whole world economic development, and that to speed up economic growth mode transform through establishing competitive factor market, to make RMB exchange rate more flexible and reflect the change of market supply and demand through improving the RMB exchange rate formation mechanism can remove the pressure of RMB appreciation.