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In 1990s, China is still not the production of his notebook computer, but in 2005, the notebook computer made in our country has accounted for nearly half of the global market, Lenovo has successfully acquired the IBM PC business, and get a notebook computer leading brand Thinkpad. Our country has become the most important supplier of global goods. Commodity export has become the most powerful driving force of China's economic growth, and has accounted for more than 40% of the total amount of economic growth in China for many years. Large net exports for many years have created a huge trade surplus and net inflow of foreign direct investment, which has led to a steady increase in China's foreign exchange reserves. At the end of February this year, China's foreign exchange reserves have reached 1 trillion and 647 billion 100 million dollars, relatively less than $3 billion 400 million in 1988, an increase of 484 times. in the world for several of the few economies, like China that rely on exports to drive economic growth of the country unique. The strong nature of our country has attracted the attention of other countries. Developed countries represented by the United States began to exert pressure on the Chinese government. Because the undervalued exchange rate will undoubtedly increase exports, the first is the RMB exchange rate. According to the theory of purchasing power parity represented by the long-term exchange rate theory, the RMB exchange rate is indeed undervalued to some extent. )