RMB Real Exchange Rate and Trade Balance:Comparative Analysis of Sino-US and Sino-Japan
Ying Pan
Abstract
Ying Pan
Abstract
In this paper,we use the two largest trading partners of China,the United States and Japan,and compare the differences of bilateral trade between U.S.and China,Japan and China.The results show that RMB real exchange rate plays different roles in bilateral trade between U.S.and China,Japan and China.The contribution which RMB exchange rate makes to trade balance between Japan and China is greater than the U.S.and China.
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In this paper,we use the two largest trading partners of China,the United States and Japan,and compare the differences of bilateral trade between U.S.and China,Japan and China.The results show that RMB real exchange rate plays different roles in bilateral trade between U.S.and China,Japan and China.The contribution which RMB exchange rate makes to trade balance between Japan and China is greater than the U.S.and China.
Key concepts: Renminbi, China, Balance of trade, Exchange rate, Bilateral trade, International economics, Balance (ability), Economics