人民币对外升值对内贬值矛盾剖析

On RMB’s outer inflation and inner devaluation’s conflict analysis

2005年人民币汇率政策改革以来,人民币对美元大幅升值,从理论上讲,人民币对外持续升值有利于抑制国内通货膨胀,使人民币的购买力增大,可恰恰相反,从2007年以来,中国一直处于高通货膨胀的态势,理论在现实中出现了矛盾。本文通过对人民币升值和通货膨胀的原因分析,得出两者并不矛盾。

After the reform of RMB exchange rate policy in 2005, there is a sharp appreciation of the RMB against the U.S. dollar. Theoretically speaking, the appreciation of RMB can bring down the curb domestic inflation, causes the increases of the purchasing pow- er of the RMB. On the contrary,since 2007, China has been in the high inflation. Theory presented the contradiction in the reality. This article bases on the analysis of RMB appreciation and analysis of the rea sons for inflation and obtains that there is no contradiction between the two. through to the Renminbi revaluation and inflation＇s reason analysis.