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2005年7月21日,在主动性、可控性和渐进性原则的指导下,人民币汇率机制改革开始在“以市场供求为基础,参考一揽子货币进行调节、有管理的浮动汇率制度”框架下稳步推进。从2005年7月21日到2006年6月30日,人民币由8.27兑1美元升值到7.996兑1美元,总计升值3.4%。与之相对应的是,今年6月份中国贸易顺差再度创下145亿美元的新纪录,而整个上半年中国贸易顺差总额更达到615亿美元,较2005年同期上升55%。这一切都足以使外界再次向中国施压,要求加速人民币升值。其实,人民币会继续升值,这是个地球人都知道的命题。人民币升值之后将带来什么,通货紧缩、经济萧条、还是资产价格
On July 21, 2005, under the guidance of the principle of initiative, controllability and gradualness, the reform of the RMB exchange rate regime started on the basis of market supply and demand with reference to a basket of currencies and a managed floating exchange rate system. Steady progress under the framework. From July 21, 2005 to June 30, 2006, the RMB appreciated from 8.27 to 1 US dollar to 7.996 to 1 US dollar, with a total appreciation of 3.4%. Correspondingly, China’s trade surplus hit a new record of 14.5 billion U.S. dollars in June this year. The total trade surplus in the first half of the year even reached 61.5 billion U.S. dollars, up 55% over the same period of 2005. All this is enough to make the outside world put pressure on China once again, demanding the acceleration of RMB appreciation. In fact, the renminbi will continue to appreciate, this is a proposition that people on Earth know. What will come after the appreciation of the yuan, deflation, recession, or asset prices