TheAdjustmentOfChineseBalanceOfPaymentsInrecentyears,Chineseeconomymaintainsrapidgrowth.Currentaccountsurplusincreasesfastwhilecapitalandfinancialsurplusalsoremainhigh,whichiscalleddouble-surplus,makingthebalanceofpaymentsout-of-balanceandcausingaseriesofnegativeeffects.Theimbalancedoesn’tonlyrelatetodomesticeconomydevelopment,butalsocloselyrelatestotheenvironmentofglobaleconomy.RefertoChinesebalanceofpaymentsstatementsfrom2005to2012,wecanfindoutthattheoverallsurplusremainedrisingyearbyyear.In2010,economygrewstably.TheelasticityofexchangeratewasenhancedwhilethereformofRMBexchangerateformationmechanismwaspushedforwardsteadily.Thebalanceofpaymentsremainedthepatternofdoublesurplus.In2010currentaccountsurpluswas305.4billiondollarsandcapitalandfinancialsurpluswas226billiondollars.Attheendofthisyear,foreignexchangereserveinourcountryis280milliondollars,withyear-on-yeargrowthof18.7percent.Chinesebalanceofpaymentscontinuedtoexpand,whichindicatesthatourcountry'seconomicopening-uphadbeenfurtheringandtheamalgamationofChineseeconomyandtheglobaleconomicsystemwasdeepen.Moreover,theimbalanceofChinesebalanceofpaymentswasstillserious.Thetradesurplusin2010hitarecordhighof305.4billiondollars.ForeigndirectinvestmentinChinaalsoremainedhighandreachedupto185.1billiondollars.Thescaleofforeigndebtwasfurtherincreased.Thescaleofforeign-exchangereservehadbeenupto280milliondollarsbytheendof2012,whichwas3.5timesmorethanthatin2005.Severalreasonsleadtotheimbalance:First,theenhancementofexternaltradecompetitivenessenlargedthenetbalanceofcurrentaccount.ForChina,thereisgreatcompetitivenessinlaborintensiveproductsandlowtechnologyproducts.EnteringintoWTOmakesthetradeswithmembersofWTOtendtobefreer.ForeigncountrygraduallycancelledtherestrictionofimportquotasfromChina.Atthesametime,sometechnology-intensiveproductsofourcountryaregettinglessdisadvantaged.Theadvancementofadvantageintradecompetitivenessboostourexportgrowth,causingcurrentaccountsurplus.Second,domesticinvestingenvironmentiscontinuouslyimpro