Renminbi revaluation to Zhejiang economy influence
ABSTRACT
People’s bank of China announced our country starts to implement by the market supply and demand primarily, and refers to a basket currency to carry on the adjustment、Has the management floating exchange rate system on the day of July 21th,2005,that will formed the richer elastic Renminbi exchange rate mechanism,from this time on the Renminbi no longer only observes closely US dollar solely, Renminbi relative US dollar price appreciation 2% namely 1 Us dollar may exchange 8.11 RMB,and this pulled open the Chinese Renminbi to revalue this econmic phenomena prologue.The Renminbi revaluation causes Zhejiang’s economic faced with the both sides clearly opposite influence: on the one hand it will advantaged in optimizing the industrial structure of the Zhejiang economic,expands the market,the impetus economy development:on the other hand,the Renminbi revaluation does not favor the exportation, the introduction foreign capital and so on ,it will causes Zhejiang’s profession faced with the stern test.Frontage and negative effect brings which through the analysis revaluation, proposes the sulution method,enables the economy to continue the stable development is the article main purpose.
