人民币升值对中国经济的影响(英文版).docxVIP

International FinanceEffects of RMB Appreciation on the Chinese economicNAME： CHEN SISI STUDENT NUMBER：GBX1307 JOSAI UNIVERSITYEffects of RMB Appreciation on the Chinese economicSince 2002, many countries like Japan and America have suggested that Renminbi(RMB)should increase in value. In fact, the exchange rate of RMB became higher and higher in recent years. The exchange rate was beyond 8 in 2005.but this year, It is only about 6. The appreciation of the RMB exchange rate and the corresponding impact on china’s economy are becoming the focus issues of international economy, and also has become the major theoretical and practical issues for China to deal with the increasingly complex international economic situation which must be faced up to. It has become a hot topic over the world. RMB appreciation affects the Chinese economy and the lives of Chinese people. Does it have a good effect or not? On this, the United States40-year history of pressuring Japan to let the yen appreciate against the dollar is instructive. So for RMB appreciation, we should learn the lessons of history and correctly assess the pros and cons of RMB appreciation. RMB appreciation is like a double-edged sword; on one hand, it has a positive effect on the Chinese Economy. On the other hand，it will have a negative impact. So I think its very necessary to discuss the matter of RMB appreciation.The impacts on the economy of ChinaThe positive impact on the economy of RMB Appreciation1.1.1 The appreciation of the RMB will increase our personal wealthbenefiting the people and improving peoples living standards. Appreciation of the RMB improved terms of trade that it will make imported products relatively cheaper. With the continuous economic development and peoples rising living standards, more and more people like vacations, tourism or education abroad. After the revaluation of the RMB, to study or travel abroad will spend less money than before or will be able to do more things t