人民币升值压力来源及其纾缓

The Pressure of the Appreciation of RMB:Causes and Alleviating Methods

近年来人民币升值压力主要来自国外,其深层原因是国际经济持续低迷,一些国家为了转移国内视线,把矛头指向中国,认为人民币币值低估造成了"输出通货紧缩",因而纷纷要求人民币升值,使人民币承受空前的升值压力。同时,我国现有的汇率制度和货币政策也在一定程度上延缓了人民币升值压力的疏散,提高了升值预期。为此,纾缓人民币升值压力必须从消除人民币升值预期出发,减少贸易摩擦、适当放宽资金流出限制等等,以更加积极的姿态参与国际经济交流。

The recent appreciation pressure of RMB chiefly comes from abroad. The deepen reason is the continuous depression in the world economy. Some countries direct the attack on China. They believe that 'the export monetary depreciation' was caused by the devalued RMB, and ask China to raise the value of RMB. Our present exchange rate system and monetary policy have, to some degree, retarded the alleviation of the pressure and therefore encouraged a higher expectation for RMB. In order to alleviate the pressure, we have to eliminate the unreasonable expectation of appreciating RMB, decrease trade disputes and allow wider flow of capital through, and we also should participate international trade and economic exchange with more active attitude.