Abstract:Recently,the voice of the appeal for the RMB(Renminbi) exchange rate upvaluation has been lingering in one’s ears internationally,but the so-called RMB upvaluation originally indicates the RMB exchange rate upvaluation,namely the RMB upvaluation versus foreign currency,which is not corresponding to each other with domestic inflation of currency resulting in RMB devaluation.The present paper tries to discuss the dilemma choice in RMB exchange rate upvaluation and RMB actual devaluation in China,and expounds the successful signs for RMB exchange rate upvaluation mode and substitutive tactics and RMB exchange rate tactics,with RMB exchange rate upvaluation as inevitable trend,and with respect to purchasing power parity,management floating exchange rate mode,interest rate regulation and control,benefit driving,RMB internationalization and favorable trade balance,benefited vocations and damaged vocations,foreign capital investment and domestic financing and RMB exchange rate upvaluation and RMB devaluation,etc.