人民币升值的市场压力分析

中国长期以来的经常项目和资本项目双顺差使人民币面临了巨大的升值压力,而中国外汇市场的非市场化没有将这种压力转化为价格的上升。最近两年来,美元的贬值进一步加大了人民币升值的外部压力。中国目前这种汇率形成机制带来了许多弊端,政府应当做的是进一步提高外汇市场的市场化程度,改进人民币汇率的形成机制。

Analyses about the Market Press of Appreciation of RMB

The surplus under the current account and capital account makes RMB have serious appreciation press, but Chinese foreign exchange market is not a real market, and the appreciation of RMB doesnf come true. In recent two years, the depreciation of US Dollar increases the appreciation press of RMB. Chinese formulation mechanism of exchange rate brings lots of problems, so the relevant government department should improve the formulation mechanism, and make the foreign exchange market a real market.