Strategy Research Of Chinese Manufacturing Industry Under The Background Of RMB Appreciation

The RMB exchange rate system and exchange rate between RMB and the worldstrong currency, to a certain extent determines the scale and trend of foreign trade. Onthe economic development situation, since the2005reform of the RMB exchange rate,domestic economic development momentum is good, at the same time, the trend ofinternational trade tend to be good, the foreign exchange income and trade growing.Among them, about the change of specific data, the overall size of China reserves in201112at the end of this period of time has more than$3, the data show that thedevelopment of foreign trade in a certain extent.In view of the development background of the appreciation of the renminbi, isthe research object of this paper-mechanical equipment Chinese manufacturingindustry, early in the development of the industry, the appreciation of the renminbi onthe industry to expand import and export scale effect is negative. The main reason isthat the characteristics of China machinery industry exports mainly for labor intensive,t to a certain extent, labor intensive integrated product added value is low. The abovecharacteristics of the appreciation of the renminbi, therefore the development trend ofmechanical equipment manufacturing industry to carry out large-scale import andexport business did not boost.Through the study of RMB appreciation on manufacturing industry the impact ofexports of machinery and equipment Chinese, on one hand, the relationship betweenthe appreciation of the renminbi and the machinery and equipment exports, and basedon the background and the expected appreciation of the formulation of raw materialsimported development path, and to provide some insights into the Chinese rawmaterial resources overall layout and development; analysis of the inhibitory effect ofthe appreciation of the renminbi on the export of machinery products on the other hand,is determined by theoretical analysis and empirical analysis between the two what isthe connection and have much contact, and provide a theoretical basis for the strategicadjustment of China machinery and equipment manufacturing enterprises of importand export. Finally, the integration of import and export two aspects of the situation,summed up the impact of RMB appreciation on China machinery and equipmentimport and export trade, the Chinese machinery and equipment industry, in the face ofthe appreciation of the renminbi is expected to adjust the import and export to optimizethe overall industrial layout and have certain guiding significance.