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In recent years , due to the good momentum of China 's macroeconomic , and China's huge foreign trade surplus , the pressure to revalue . In this case , a large number of international hot money hot money flows into our country , bet on RMB appreciation is expected to become the main reason for the recent years , China 's rapid rise in foreign exchange reserves and foreign exchange . At the same time , induced or exacerbated by China 's real estate prices soaring , local inflation , currency internal devaluation . In this case , regardless of the appreciation of the RMB foreign or maintain the current exchange rate , will give our economy the volatility of some deep-seated change and intractable . July 21, 2005 , the PBOC announced : \one U.S. dollar to 8.11 yuan . The RMB after six months of adjustment , in the end of the Chinese economy produces what impact , which caused widespread concern in academic circles , therefore , this article will be RMB exchange rate movements as a starting point , the role of current and capital projects in the economic impact from exchange rate point of view , the analysis of the impact of RMB appreciation on China's economy , made ??by the research work of the RMB exchange rate adjustment has great theoretical and practical significance . Text is divided into five chapters , each chapter are as follows : the first chapter - China's economic growth and exchange rate movements Overview This chapter aims to propose the research questions of this paper , the appreciation of the renminbi since July 2005 after more than six months China's economy in the end have no effect on the extent of the impact . This chapter is divided into two parts. First , a brief introduction to the macroeconomic situation in China in recent years . Second, an overview of the RMB exchange rate . Clarify the appreciation of the RMB exchange rate regime in China since the founding of the changes , and today China faces pressure . This leads to the question of this article , the impact of RMB appreciation on China's economy . Chapter II - related concepts and Literature Review The purpose of this chapter is to introduce the knowledge of the exchange concerned , and the existing RMB exchange rate , China's economic growth literature do a review . This chapter is divided into three parts.
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