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hand an increased risk of domestic asset bubbles, it also increases the pressure on RMB appreciation. If the yuan does not appreciate or depreciate remain bound will stimulate long-term expectations of RMB appreciation, which in turn is expected to attract more speculative hot money inflows, more large-scale foreign currency inflows in turn will increase the pressure on the renminbi .

Fourth, China's economy has maintained rapid growth. Our country in this financial crisis, the first recovery year 2009, GDP growth reached 8.7% growth on the one hand is the embodiment of export capacity has been improving, on the other hand is also reflected in the improvement of national income increased demand for imported goods rigidity, but compared to the support of economic growth on exports, the imports offset is not obvious. 2009 China's import and export commodity prices appear in the August lows, 8-December China's export commodity price index rose only 6%, while imports commodity price index has surged 36 percent, of which there is devaluation of natural factors, but economic growth, the impact on the import and export intensity is different. 2010 China's GDP growth rate is likely to remain at around 10%, thus maintaining high growth and then the relative stability of the RMB exchange rate has depreciated against the inappropriate or even, it must be considered after the dollar value of the renminbi issue.

Fifth, inflation differences. In January this year, China's CPI rose 1.50%, while the U.S. CPI growth rate was 2.6%; nearly three months of 1.33% of the CPI growth rate than the U.S. average of 2.37 percent over the same period much smaller. If the 2009 full year, China's CPI will be smaller than the United States and the euro area, these data fully explain inflationary pressures faced by our country is far less than the United States and the euro zone. Inflation reflects the purchasing power of the currency lower, under the law in a certain currency is bound to face downward pressure. In theory, due to the inflation rate is lower than the United States, the yuan continues to maintain long-term stability of the U.S. dollar relative is no longer possible, therefore, the U.S. inflation rate differences and long-term trend is the current pressure of RMB appreciation a major source.
Sixth, the political pressure. America, Europe, the unemployment rate remains high, in December 2009 after the United States and the euro area seasonally adjusted unemployment rate has reached 10%, the employment pressure is huge. For any developed countries, increasing employment is the primary goal of economic development. In the severe employment situation, the United States and Europe began to be attributed to the high unemployment rate in the domestic low-cost Chinese goods to its impact on the domestic industry, continues to be political pressure, the various export trade frictions against China and protective measures have appeared. Economic globalization is actually allocated elements of cost and technical basis for the optimal, and any country of its entire domestic underemployment due to external factors are not appropriate, but it is undeniable that the renminbi relative to last year weakness does support the domestic export sector, but also the use of the global crisis on low-end consumer and the increased demand for necessities of life the opportunity to seize part of the market in other countries, but th本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。