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Unformatted text preview: bigger world. I realized I need to think about this question much more systematically at the macroscopic level too, like what kind of influence and effect it made to china and the world. I’ll try to figure out why RMB has raised its exchange rate first. And then, what kind of effect (good or bad) it has made in Chinese economy Gao1 and the world economy will be discussed. On the other hand, in the paper, I will also search about what we or China need to do next after the exchange rate of RMB has been raising and how should we treat this change. At the end of this paper, I may think about the relationship between RMB exchange rate and my life in United States. As I predict, this research paper should be around 5 pages. It won’t explain the exchange rate of RMB in a specific way for sure, but I will try to explain my idea in these short paper....
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- Summer '11