美国经济下滑和人民币升值对中国对美贸易的影响

Influence of American Economic Downturn and RMB Appreciation to China's Trade to USA

自2005年我国对人民币汇率形成机制进行改革以来,人民币兑美元累计升值已经接近10%,人民币升值已是一个长期趋势。次级债危机造成的美国经济下滑及美元贬值对中国出口增长的影响不容低估,即外需下降和本币升值对出口增长都有负面影响。中国应未雨绸缪做好应对准备。同时,也应认识到中国出口增长趋缓,也有助于缓解经济结构失衡和流动性过剩的局面。

Since 2005, reform on formation mechanism of RMB exchange rate in China, the exchange rate of RMB vs. US dollar has been appreciating near 10%. RMB appreciation has been a long-term trend. American economic downturn due to crisis of subordinated debt and the depreciation of US dollar seriously limited the growth of Chinese export, that is, the decrease of foreign demand and RMB appreciation will restrain export increase. China must prepare for that beforehand, meanwhile, should recognize that the slowdown of export growth will release the imbalance of economic structure and liquidity surplus.