But there are still some blemishes existing in the formation mechanism of rmb exchange rate , such as the distortion in formation mechanism of rmb exchange rate , the lack of flexibility , the deficiency of no canonical scale provided for the adjustment , high cost to maintain the rate , the increment of society trade transaction cost and so on 尽管现行人民币汇率形成机制基本上符合中国国情,对促进经济发展发挥了重要的作用,但是实事求是地看,人民币汇率形成机制存在汇率形成机制扭曲、汇率缺乏灵活性或弹性、汇率调整缺乏准确依据、较高的维持成本、增加社会交易成本等缺陷。
Finally , the author , in respect of the policy choice of rmb exchange rate , presents the view that the system of a single , managed floating exchange rate should be a reasonable option to the system of rmb exchange rate . on the basis of the analysis on the drawbacks in the forming mechanism of rmb exchange rate at present , the author designs the general frame of the mechanism of rmb exchange rate under the system of a single , managed floating exchange rate and proposes corresponding reform measures and policy suggestions 最后，就当前人民币汇率政策的选择，提出重归单一的、有管理的浮动汇率制度是人民币汇率制度的必然选择，并在分析目前人民币汇率形成机制存在的缺陷的基础上，对管理浮动汇率制度下的人民币汇率机制进行了总体设计，提出了相应的改革措施与政策建议。
To promote a reduction in current account imbalances in a manner compatible with sustained economic growth , china will continue to deepen reform of the exchange rate regulation system , further improve the formation of a rmb exchange rate mechanism , bring into greater role of market supply and demand , and increase the flexibility of the exchange rate 为保证在经济可持续增长的同时减少经常账户的不平衡，中国将继续深化外汇管理机制改革，进一步完善人民币汇率形成机制，更大程度地发挥市场供求的作用，增加汇率弹性。
