ABSTRACT
This paper take the reform of RMB exchange rate formation mechanism as the research object, conduct the research about the well-supercisory flpating rates system which is based on supply and demand in the market and adjustd by a basket of currencies since 2005 according to proposed the question, analyze the question and solve the question mentality.
This dissertation consists of four parts,first reviewed the exchange rate reform background in 2005,and the significance of this exchange reform;then made a brief description about the reasons for the reform of the RMB exchange rate and the specific operation;after that,by using the datas of GDP growth rate、the surplus of current account、 the employment amount in each industry and domestic price to analyze the influence on China’s national economic inpact because of the RMB appreciation;finally described the reason why the reform of 2005 is no completely successful and the next steps should be taken。