A Study About Manufacturing Industry To Upgrade The Evolution Path In The Process Of Internationalization Of The RMB

Since1949after decades of development, China’s gradual completion of the socialisttransformation of the industry, the establishment of the socialist system of industry. The manufacturingbuilding occupies an important position in China’s national economic system, the development ofmedium-and long-term. China’s total economic output rising since the reform and opening up in1978, from1979to the present30years, China’s economy every year sustained rapid growth in recent years, the globaleconomic crisis triggered by the U.S., is a historical opportunity for China’s economic development. Withthe continuous improvement of China’s economic power and comprehensive national strength, as well asrising international status, China has become one of the world’s biggest economy and foreign trade body.With the gradual liberalization of China’s external financial control, the more and more frequent use ofRMB cross-border trade, due to continuously enhance our country’s economic status and financial position,therefore, in our country in the two systems is becoming increasingly important. With China’s economicrise and growing influence of China’s comprehensive national strength and international competitivenessgradually increase the internationalization of the RMB is increasingly becoming possible. Enhance China’scomprehensive national strength and the acceleration of the internationalization of the RMB fundamentaltransformation and upgrading of the manufacturing sector. A long time, China has been a big manufacturingcountry, instead of manufacturing power. Achieve manufacturing transformation and upgrading of the mainsteering and efficiency of manufacturing output value type, structural shift speed type, by the number oftransformation quality type shift from extensive to intensive, adjust and optimize manufacturing internalstructure. We mainly divided into three categories to analyze the evolution and upgrading of themanufacturing sector of the textile industry, the chemical industry and the equipment industry. Therefore,the internationalization of the RMB is conducive to the free convertibility of the renminbi, has broughtgreat benefits to China’s export trade. Provides a great convenience for the transformation and upgrading ofthe manufacturing sector and foreign trade. Conducive to reducing internationalization of the RMBexchange rate risk, the promotion of foreign trade, and help to reduce transaction costs and reduce theburden on enterprises, help to provide trade opportunities, attract overseas companies to invest.Firstly functional point from a time point of view and RMB RMB internationalization process and the status quo detailed and careful analysis, and then select three major sectors of the representative ofthe textile industry, chemical industry, transportation and equipment industry of China’s manufacturingindustry development of elaboration. Select the calendar year1994-2011RMB against the U.S. dollarexchange rate data and three manufacturing the manufactured goods export trade data, the empiricalanalysis of the linear correlation. This paper is divided into five parts：The first part is the introduction. Introduces the research background and significance ofdomestic and international literature review, this research ideas and methods and possible innovations anddeficiencies.The second part of the process of internationalization of the RMB and Analysis. Major analysisof the process of internationalization of the RMB in China time, geographical processes and functionsexpansion process. Currently, the RMB has become the neighboring countries of the regional currency, theRMB is the rapid development of business in Hong Kong and Taiwan, the bilateral monetary cooperationbreakthrough, cross-border trade RMB settlement pilot scheme carried out in an orderly manner. Inaddition, China’s RMB internal devaluation, foreign appreciation trend more apparent.The third part of the development of the manufacturing sector upgrade from the evolution of theprocess of development and industrialization of the three major sectors of the textile industry, chemicalindustry, equipment industry specific and detailed theoretical analysis.Part IV first analysis from the theoretical aspects of the internationalization of the RMBmanufacturing upgrade relations. Then in, respectively, a detailed analysis of the relationship between therelationship between the RMB exchange rate and the internationalization of the RMB and RMBinternationalization and international trade. Finally, select the calendar year1994-2011yuan-dollarexchange rate data and three manufacturing manufactured goods export trade data, based on the theoreticalbasis of economics, statistics and econometrics, empirical analysis, and inspection.The fifth part is a summary. Summary of earlier studies, draw conclusions are, the outlook forfuture research.