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[7] some scholars from the perspective of econometrics, such as liu wei and jiang-huai ling in 2006 through the establishment of the VAR model of RMB exchange rate changes and balance of trade of China and the United States, mainly studies the RMB exchange rate changes and the causal relationship between sino-us trade balance, and think that the RMB exchange rate is not the main cause of the sino-us trade imbalance. See LuoChuanPeng 'global economic imbalances and the RMB exchange rate movements' on page 5.

[8] Nobel prize-winning economist Joseph stiglitz also believe that there is a 'more important than the adjustment of RMB exchange rate' to do, stiglitz think financial crisis shows a lot of economic policy and theory is not correct. Stiglitz, was awarded the Nobel Prize in economics in 2001, is a professor at Columbia University, and the IMF chief economist olivier blanchard also believes that the RMB exchange rate is not thinking about China issues a right direction, at the same time; The appreciation of the renminbi is good for us, but it will not solve all the economic problems in the United States. Whereas the United States is a high fiscal deficit and the dollar falls, the 2011 fiscal year, fiscal deficit of $1.27 trillion. The dollar is not strong, it is difficult to restore the balance sheet of theUnited States. Stiglitz's specific circumstances, can consult stiglitz's monograph 'why the government intervention in the economy - the role of government in a market economy.

[9], a well-known Chinese independent economist gold rock wrote in the financial world,China's economic growth is a money driven, we often ignore the M2's impact onChina's economy. At the same time, also focus on asset price market with Chinese characteristics. See 'financial world' in October 2011, the total period of 17, 84-85, king rock article 'the riddle ofChina's economic growth'.

[10] in the Chinese economy, the U.S. economy in the economic crisis, not the so-called 'typical recovery', on this point, Mr Reference yu-yu Chen, professor of Peking University guanghua school of management, the article atypical recovery ', journal of the American economy, global widespread inflation and economic imbalances also exacerbated the depression. The global economic recession has become a trend.

[11] foreign exchange is the central bank purchase of foreign exchange assets and corresponding drop their currencies, foreign exchange, will directly increase the base money supply, and through the monetary multiplier effect, making the yuan increase in circulation. While economists generally in foreign exchange and trade surplus and the difference between the actual use of foreign capital as the main parameter of measuring scale of hot money from entering.

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