英国大学硕士论文--人民币升值影响及对策.doc

The Impacts on Chinas Economy and Countermeasures of RMB Revaluation Lv, DeLiang This dissertation is submitted in partial fulfillment of the requirements of Staffordshire University for the award of Master of Business Administration March 2010 Executive summary The exchange rate regime is an important component of a countrys economy system. The appropriate exchange rate regime is important to economy growth of one country. Since formation mechanism reform of RMB (Renminbi, Chinese Currency) exchange rate in 2005, it experienced a steady trend of appreciation of RMB exchange rate. Especially since 2007, the RMB exchange rate was characterized by accelerating the appreciation as a whole. 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. This dissertation aims to inform about the appreciation of RMB exchange rate and its influences on China’s economy as well as the countermeasures China should take to respond to the RMB appreciation. Thus, it critically evaluates the literature on exchange rate regime and the exchange rate determination theory, also briefly reviews the evolvement of the RMB exchange rate regime. Further, the international background and academic debates on the RMB appreciation are analyzed and the impacts of RMB appreciation on China’s economy including the positive and negative impacts are comprehensively and thoroughly evaluated. The findings about the effective countermeasures to the RMB appreciation and China’s future option for exchange rate regime as well as the objectives of the exchange rate reform are discussed. A conclusion presents the resulting implications for further research. Finally the learning reflection produced a comparatively statement where I reflected on the enti