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What measures has China taken to deal with the appreciation of RMB exchange rate?
(1) By adjusting the regional structure of foreign trade, we can reduce our dependence on the American market and ease the pressure of RMB exchange rate appreciation. In view of the pressure brought by capital inflow, while continuing to encourage foreign capital inflow, Chinese enterprises can properly consider entering other countries' markets in the form of foreign direct investment. In view of the pressure brought by the rapid growth of foreign exchange reserves, measures can be taken to appropriately control its growth rate and adjust the currency structure and total scale of China's foreign exchange reserves. Through these measures, we can alleviate the pressure of RMB appreciation to a certain extent and lay the foundation for gradually adjusting the RMB exchange rate level. (2) Weigh the appreciation of RMB under the background of globalization, and adjust the exchange rate level and exchange rate system in a timely manner. Under the background of globalization, the RMB exchange rate should be properly adjusted in the future, so that the exchange rate level can truly reflect the economic situation of China and avoid the negative impact brought by the rapid appreciation of RMB in the future. (3) Promote the upgrading of industrial structure and create competitive advantages. The appreciation of RMB is also closely related to the comparative advantage of single labor force in China. Therefore, China should create new competitive advantages while maintaining the comparative advantage of the labor force. Through policy and economic means, we will guide export industries to improve their technical level, develop from labor-intensive industries to capital, technology and knowledge-intensive industries, and change static comparative advantages into dynamic comparative advantages. (4) It is an inevitable choice for China's rapid economic growth to adjust its economic development strategy and maintain a reasonable dependence on foreign countries to develop foreign trade; However, as the most populous developing country in the world, it is quite dangerous for China to rely solely on the export-oriented strategy, which is extremely vulnerable to external shocks, thus making the sustained economic development unsustainable or even reversed. The economic crisis in Southeast Asia provides evidence. China should take timely measures to change from an export-oriented strategy to a balanced development strategy that activates domestic demand. (5) Encourage enterprises to improve internal management and try to resolve the negative impact of exchange rate adjustment. Relevant regulatory authorities and commercial financial institutions should provide a suitable environment for enterprises to reduce operating costs and avoid exchange rate risks through innovation in regulatory methods and financial services, encourage and help enterprises to change their growth mode and meet the test of RMB appreciation. (VI) Strict and prudent supervision of the financial system, strengthening bank supervision and improving the capital adequacy ratio of banks can not only reduce the motivation of banks to participate in bubble assets trading, but also minimize the adverse consequences of banks being hit by the financial crisis. (seven) to formulate policies to promote employment, to deal with the appreciation of the renminbi. First, establish a vocational education and training system with vocational schools as the core, various training institutions as the supplement, combining high and low vocational education and training, and combining distance education with on-site education to build a high-quality industrial army; The second is to expand the coverage of employment support policies for laid-off workers, including implementing necessary preferential tax policies for industries (such as textiles and clothing) whose exports are seriously affected and involve a large number of employees, and implementing various preferential policies linked to increasing employment to minimize unemployment; Third, through certain preferential policies, encourage labor-intensive industries with a large proportion of exports to transfer to the central and western regions with low labor costs; The fourth is to speed up the establishment and improvement of the information service system covering the urban and rural labor markets, provide high-quality employment services for migrant workers, and strive to resolve the negative impact of RMB appreciation on employment.