一段中文翻译

Dollar pegging the RMB exchange rate system has to take off for China's economic development and made important contributions, But his drawbacks are gradually emerged. Along with the international economic development and implement a flexible exchange rate regime is the only way out for. Since the beginning of 2005 after the restructuring of RMB exchange rate continued appreciation of the RMB. On one hand, after the revaluation of the RMB yuan payment capacity and is conducive to the improvement of China's industrial structure, improve monetary policy independence and promote foreign trade. The other hand, the appreciation of the yuan will reduce the profits of Chinese companies, increasing employment pressure. RMB revaluation will bring to China what is the appreciation of the RMB in China's economic aspects are what impact These are paper focuses on things. I aimed at the reform of the RMB exchange rate impact on the macro-and microeconomic analysis, from the revaluati