The Deviation Of Renminbi’s Internal Value From Its External Value

Since the beginning of reform and opening, our country economy overall made the "miracle" development, the development of an average annual economic growth of around10%, in2010.our country annual GDP for the first time more than Japan only low the United States which had become the second largest economy in the world.according to the international monetary fund predicts that by2020, China’s GDP will reach＄28.1trillion, and＄22.6trillion for the United States, when our country will surpass the U.S. as the world’s top economies, but the IMF forecast is our country economy maintained strong growth momentum for the premise, so solve today’s China economic problems existed in the development of our country, can we keep sustaining high economic growth. Since the reform and opening policy, our country economy is based on "investment and export" as the main driving force of development mode, and an important impetus as a key economic growth "three carriages" of "the domestic consumption" in our country’s economic development process of relatively slow growth, present a significant "projects with" phenomenon, insufficient domestic demand to be solved:our country industry started later, the industrial structure is not reasonable, most of the industry is still labor-intensive industries, products technology is lower, if our country pursued the high-speed economic rapid growth blindly in China’s economic development, which only for a short time but not lasting prosperity of the development strategy, and will only bring economic development of China internal sex imbalance, causing the economic development of China, it will finally make the externality imbalances distortions of the economic development, the structure of "foreign revaluation and internal devaluation" this new monetary phenomenon with produce. The RMB "within the rise again" the specific performance:foreign, the RMB against the dollar, and the continued appreciation of expected future appreciation is still in the increase; Internally, rising prices and inflation, RMB asset bubble internal purchasing power continues to decline, for a long time in the future of the RMB "within the rise again" trend will increasingly prominent.This paper first study recently years by RMB "the deviation of internal value from its external value" with the status quo of:"foreign revaluation" focuses on the exchange rate of the RMB against the dollar in recent years to change,"internal depreciation" main investigation in China in recent years the consumer price index (CPI), and analyzes the RMB this new monetary phenomenon in China’s economy can produce negative influence what are, and then, according to our country economy in recent years, and to explore the development course of RMB "external appreciation an internal depreciation", then, concluded that the root cause of the economic development of our country in recent years of internal sex imbalance which was leaded to RMB " external appreciation an internal depreciation " the root causes of the economic development of China internal imbalance external imbalances, external imbalances decision will affect the economic development of China internal imbalance, and finally the paper, in summary the economic development of our country in recent years that was its own characteristics, and included the foreign economic development, which was the scientific and reasonable part.finally this paper puts forward:"internally to speed up the domestic demand, consumption growth speed, foreign to speed up the process of RMB internationalization", so as to make our country economy to step onto the "low inflation and high growth, increasing employment, the balance of the scientific development road of the economy in our country, to realize smooth, high speed, sustainable development.