Current location - Loan Platform Complete Network - Foreign exchange account opening - Please ask an expert to translate it into English. Urgently needed.
Please ask an expert to translate it into English. Urgently needed.

Currently the RMB exchange rate system based on market supply and demand, "with reference to a basket of currencies, a managed floating exchange rate system.

Since the reform and opening up, the rapid development of China's foreign trade has accumulated large trade surplus and foreign exchange reserves, China currently facing unprecedented pressure of RMB appreciation. RMB appreciation has become the international economic and social public opinion. Especially the financial crisis erupted in 2008, swept global us- led western capitalist countries economic development in China, and slowly under the leadership of the government's macro economic policies to still take considerable development, and has become the global economic development. In the economic situation, led by the United States and Japan in western countries, that the Chinese exporters to "unfairly low" rob the world market, through expanding export scale to the developed country, thereby damaging output deflation the economic benefit of these countries, thus making RMB appreciation, and then the economic problem into political pressure to blame, China.

RMB appreciation to our export enterprise challenges, it also brings opportunities. Based on analysis of the background and people's currency appreciation on the basis of the reasons for these effects do some preliminary analysis, and our export enterprise renminbi appreciation effects should take measures are discussed, the hope can give export enterprise challenges, realize sustainable and stable development of inspiration.

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