人民币升值对中美贸易的影响

RMB appreciation's influence on China and U.S trade

近年来,人民币汇率问题一直是中美贸易的关键议题,美国一直指责人民币被人为地低估了。然而自2005年汇改以来,人民币一路小幅升值,而美、中之间的贸易逆差却不降反升,这说明了压迫人民币升值无法解决美、中之间的贸易逆差。造成中、美之间贸易差额的根源在于两国的经济结构和贸易结构的差异,以及外商直接投资所带来的"迁移效应"。

The RMB exchange rate has been the critical issue in Sino-US trade during these years.America always criticize that RMB is underestimated.Since 2005,RMB run in the path of appreciation gradually,but the trade deficit in US-Sino trade expanded.It illustrates that the appreciation of RMB cannot solve the trade deficit in US-Sino trade.The reason of trade deficit lies on the differences of economic and trade structure.