人民币汇率对我国外贸的影响外文文献.docx

1、人民币汇率对我国外贸的影响外文文献 外文资料译文 论文题目 人民币汇率升值对我国外贸 的影响分析 专 业 国际经济与贸易 班 级 姓 名 学 号 指导教师 职 称 2012 年 1 月 3 日The impact of RMB exchange rate appreciation to our economy and the foreign trade This paper analyzes the causes of RMB exchange rate appreciation, expounds the beneficial effects, adverse effects on our

2、coun-trys economic and foreign trade, and puts for-ward the countermeasures to the effects. Present situation of Chinese foreign trade surplus continues to expand, which is caused by a variety of reasons. The appreciation of RMB exchange rate on Chinas economy, foreign trade import and export volume

3、 and structure have a series of effects, only to take positive and effective measures to make the economy of our country and export enterprises to obtain the sustainable and stable development.1. reasons for the appreciation of the RMB exchange rate1.1 Chinese and foreign interest rate difference In

4、terest rate policy is an important tool of monetary policy. The rate of relative height will affect the capital flow direction is one of the important ways, high interest rates will stimulate the international capital inflow, and reduce its outflow of funds. Thus affecting the scale of international

5、 trade, make the difference of interest rate on exchange rate influence the trend of continuous improvement.1.2 Money supply situation RMB exchange rate and Chinas money supply substantially positive correlation, due to the deepening of reform and opening up, foreign investors can not only make use

6、of cheap Chinese labour, more optimistic about Chinas huge domestic market. Therefore, foreign investment increased substantially. Due to tightening of monetary policy, the RMB fund is quite nervous, the entry of foreign capital and foreign exchange, so appeared apparent oversupply, resulting in the

7、 trend of Renminbi rmb.1.3 International balance of payments and foreign exchange reserve The formation of foreign exchange market and the international trade and investment is not divided, international balance of payment is a countrys foreign economic activities of the various payment sum. Under f

8、loating exchange rates, the market supply and demand to determine the exchange rate changes, therefore international payments deficit will lead to the devaluation of the currency, the foreign currency appreciation, namely the exchange rate rise. Conversely, international payments surplus caused a de

9、cline in foreign exchange rates.1.4 Economic growth A countrys economic take-off stage, due to the low level of productivity, economic development performance for the extensive mode of operation, and thus their own currency exchange rate decreased, i.e. A countrys economy is relatively mature stage,

10、 consumer demand as income and growth, but the growth that consumes demand to catch the output supply growth, so in the period of rapid economic growth, supply relative consumption demand, so as to have a downward pressure on prices.2. The exchange rate of RMB appreciation on Chinas economy and fore

11、ign trade favourable effects2.1 Be helpful for Chinese enterprises to go out The appreciation of the renminbi means that Chinese enterprises to invest abroad cost relatively drops than before, which makes them to lower the cost of the establishment of multinational companies. So it is beneficial to

12、the Chinese enterprises to go out, to create a truly international competitiveness of Chinese transnational corporation.2.2 Will help improve trade conditions The appreciation of the renminbi, export prices higher, you can use less export products in return for their own needs a variety of products.

13、 Export profit increases ceaselessly, can improve our terms of trade.2.3 Conducive to reduce external debt debt service pressure The rise in the renminbi exchange rate, outstanding debt servicing required the amount of local currency is correspondingly reduced, to a certain extent so as to reduce th

14、e burden of external debt.2.4 Conducive to promoting the transformation of foreign trade growth mode The appreciation of the renminbi has contributed to Chinas foreign trade growth mode from extensive original shift quality and cost-effective intensive, this will bring the improvement of export stru

15、cture, encourage technological innovation, sustainable development.2.5 Conducive to lower import costs After revaluation, the price of imported goods will have the same magnitude of decline, reducing our cost of imports and import fees paid. The appreciation of the renminbi will make large transacti

16、on costs of imports, so as to improve the profit situation of related industries, to economy construction is very favorable.2.6 Be helpful for improving the environment of attracting foreign investment The appreciation of the RMB exchange rate, can make have foreign-funded enterprises in China incre

17、ased profits, so as to enhance the confidence of investors, to further increase investment or investment; the appreciation of the RMB exchange rate will attract a lot of foreign capital into China s capital market, indirect investment proportion will be increased further.3. The exchange rate of RMB

18、appreciation on Chinas economy and foreign trade adverse effects3.1 The influence of Chinese enterprise and many integrated competition ability of the industry The appreciation of the renminbi will lead to certain technical content and added value is low, poor management, high cost and low efficienc

19、y of export enterprises lose in the price in the international market competitive advantage, eventually had to be eliminated.3.2 Increasing employment pressure RMB appreciation will restrain or hit exports, will ultimately affect the employment. In the current Chinas employment situation is extremel

20、y grim situation, the appreciation of the RMB exchange rate will be worse employment situation.3.3 The agriculture of our country will face greater challenges The appreciation of the renminbi will block trade of Chinas agricultural products export growth, import will increase apparently, production

21、of our country agriculture will cause impact, influence farmer to add close. Import and export trade of agricultural products could be reversed, with surplus to deficit.3.4 The impact of the financial market stability China financial market development lags behind relatively, the appreciation of the

22、 renminbi will be a large number of short-term capital flows into the capital market through various channels, the profit-seeking behavior, easily lead to monetary and financial crisis, the Chinese economy will be sustained and healthy development causes adverse effect.3.5 Weaken Chinas export growt

23、h The appreciation of the renminbi, Chinas manufacturing industry in the global competition will gradually disappear, easy manufacturing overseas. The value of the renminbi, export enterprises to maintain a certain profit, the export unit of foreign currency prices will increase, not conducive to ex

24、ports continued to expand and in the international market share increase.3.6 Export growth is restricted to the export enterprises, bring a loss The appreciation of the renminbi, if Chinas export commodities denominated in foreign currency prices unchanged, requires the export commodities denominate

25、d in Renminbi price decline, in this way, Chinas exports will not be affected, but our country enterprise s profit fell by.3.7 Not conducive to attracting foreign investment in China The appreciation of the renminbi to processing trade of foreign enterprises export cost increase, so that the process

26、ing trade of the foreign investment decline. This will affect foreign investment enterprises, Profit to investment scale and industry localization process, is not conducive to China s processing trade industry sustainable development, upgrade.4. In view of the appreciation of the RMB exchange rate o

27、n Chinas economy and foreign trade s influence, proposed countermeasures4.1 Develop an international market energetically? In order to future export trade, long-term development? In addition to continue to consolidate and further develop the traditional American, Japanese, European market?, enterpri

28、ses should also actively looking for and open up new target markets, such as Africa, ASEAN and other potential huge market, promote the diversification of the market, enterprises to expand exports, to the export enterprises to bring new profit source.4.2 To alleviate the pressure of RMB appreciation

29、 We can adjust the foreign trade structure to reduce the reliance on the American market. In view of capital inflow pressures, continue to encourage the inflow of foreign capital in the. According to the rapid growth of foreign exchange reserves has brought the pressure, we can take measures to appr

30、opriate control of its growth rate, as the gradual adjustment of the RMB exchange rate level and lay the foundation for.4.3 Improve product quality, create their own brand In order to improve the export products in the international market competition, Chinas export enterprises to deal with the RMB

31、appreciation is another key measures to realize the upgrading of products, to build their own brands, from to the price advantage competition to quality and brand and price advantage to participate in international competition.4.4 Change the mode of growth of export trade The new technology, new ene

32、rgy, new materials and other high-tech penetration into traditional industries to them, so that our export products by labor concentrated model, resource intensive to high technology content, the degree of processing depth, high value-added new products. And to the development of high-tech industry.4.5 Timely adjustment of exchange rate and exchange rate system We should realize the adjustment of the RMB exchange rate policy, successfully, for the future of the stability of macro economy, trade and Industry Department