Abstract

Since China's WTO accession, the bilateral trade imbalance off gradually exposed, the U.S. trade imbalance to blame all walks of life to the RMB exchange rate regime, that the Chinese government manipulation of the RMB exchange rate, and have asked the Government to urge China to take action to adjust the RMB exchange rate system , so that rapid and large appreciation of the renminbi. From the perspective of political economy analysis, the U.S. public about the RMB exchange rate issue and Sino-US trade imbalance all the argument is absurd, members of Congress continue forcing the RMB appreciation is for the maintenance of the authority of the U.S. position in the world economy political considerations. After China's WTO accession, the issue of imbalance in Sino-US bilateral trade has become more and more serious so all circles in the United States blame that RMB exchange rate system leads to the imbalance and consider Chinese government manipulates China's currency. Then they ask the US government to urge China to take actions to rectify RMB exchange rate system to achieve a large RMB appreciation immediately. However, it is ridiculous that various myths about RMB exchange rate and imbalance in Sino-US trade with the political economic approach. The reason why the US congressmen compel continuously RMB to appreciate is to stick up for the US authority status in the world economy by this way