文档介绍：The Adjustment Of Chinese Balance Of Payments
In recent years, Chinese economy maintains rapid growth. Current account surplus increases fast while capital and financial surplus also remain high, which is called double-surplus, making the balance of payments out-of-balance and causing a series of negative effects. The imbalance doesn’t only relate to domestic economy development, but also closely relates to the environment of global economy.
Refer to Chinese balance of payments statements from 2005 to 2012, we can find out that the overall surplus remained rising year by year. In 2010, economy grew stably. The elasticity of exchange rate was enhanced while the reform of RMB exchange rate formation mechanism was pushed forward steadily. The balance of payments remained the pattern of double surplus. In 2010 current account surplus was billion dollars and capital and financial surplus was 226 billion dollars. At the end of this year, foreign exchange reserve in our country is 280 million dollars, with year-on-year growth of percent. Chinese balance of payments continued to expand, which indicates that our country's economic opening-up had been furthering and the amalgamation of Chinese economy and the global economic system was deepen. Moreover, the imbalance of Chinese balance of payments was still serious. The trade surplus in 2010 hit a record high of billio