人民币升值压力的基本面分析与应对措施

Fundamental Analysis of RMB Appreciation Pressure and Response Measures

文章结合中国的国际收支、国内外利差和中国的通货膨胀情况这三类经济基本面因素,研究了人民币升值压力的来源。分析发现近期人民币汇率已经不存在大幅低估甚至可能高估,无需一次性大幅升值。近期人民币升值压力主要源于以美国为首的其他国家的外部施压。因此,中国不应一味的迷信于经济学理论,也不应一味的屈从于美国等国家的施压,应当着眼于中国经济改革与发展的实际需要采取相应的应对措施。

The article analyzed he source of the RMB appreciation pressure with China's balance of payments,domestic and foreign interest rate differentials and China's inflation situation.The analysis found that the RMB exchange rate did not exist substantially undervalued and may even overestimate,so one-off revaluation is not necessary.RMB appreciation pressure mainly due to external pressure from the US and other countries.Therefore,China should not blindly superstitious economic theory,nor blindly surrendering for pressures from United States and other countries.Meanwhile,China should take the appropriate measures which focus on the actual needs of economic reform and development.