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TheAppreciationofRMBⅠ.BackgroundAbstract：Exchangerateissuchanimportantissuewhichcloselytothe：nationaleconomy.Sincethereformandopening,thestrengthofoureconomyisgrowingstrongerdaybydayandtherapiddevelopmentofforeigntradehasaccumulatedalotoffavorabletradebalanceandforeignexchangereserves.TheinternationalmarketisfacedwithseverepressureforRMBrevaluation.Andalsohaveacertainimpactfortheforeigntradedevelopment.WiththedevelopmentofChina’seconomy,internationalpressurefortheappreciationoftheChineseyuanhasbeengrowinginrecentyears.ThepressureofappreciationonRMBexchangerateisacomplexproblemconcerningtheinternationalsociety,andpoliticalandeconomicinterest.ThemainreasonsfortheappreciationareChina’sforeigntradesurplusandhugeforeignexchangereservesformanyyears.Keywords:RMBappreciation,Exchangerate,economy,tradesurplus,exchangereserves,influence,tradebalance,bubbleeconomy,employmentpressure,domesticprices,dependence,double-edgedsword,flexibly,structureofforeigntrade,expanddomesticdemand,stimulateconsumptionⅡ.TheinfluencemadebytheAppreciationofRMBA.ItwillaffectChina'stradebalance.B.ItwillcauseChina'sbubbleeconomy.C.ItwillaffectChina’sforeignexchangereserves.D.ItwillreducetheprofitsofChineseenterprises,andincreaseemploymentpressure.E.ItwillaffectChina’sdomesticprices.InrecentyearswecanalwayshearthevoiceofappreciationofyuanfromtheUSA,wealsohearthattheChineseGovernmentisdoingitsbesttosafeguardthestabilityoftheRMBexchangerate.ButisitgoodforRMBtoappreciate?Let’smakeanexample.Hypothesis,theexchangeratebetweenyuanandthedollaris7(￥/$),thatmeansifwewanttobyacupvalued1dollarinAmerica,weshouldspend7yuan.AndifRMBappreciates,theratechangesto6(￥/$),thatmeanswecanjustspend6yuan.ItisreallycheaperforChinesecustomersthemselvestobuyforeigngoodssoChineseresidentsdothinkitanicethingforyuanappreciation.Butifwestandontheoppositepoint,fromAmericanresidents’view,itismoreexpensivetobuyChinesegoods.SoChina’simportwillincreaseandexportswillbereducedwhichwillbringgreatharmtoChina’sdevelopingecon
