Theoretical Thinking on Non-depreciation of RMB
Anping Hou
Abstract
Anping Hou
Abstract
General theory considers,speaking from theory a country's currency depreciation abroad plays the role for stimulating export and restricting import,however,in actual life,the purpose of pulling economic growth will be restricted by a series conditions ,According to the analysis of restrictive conditions which received by stimulating export because of currency depreciation ,in fact,the role of stimulating export because of currency depreciation is limited.Therefore ,the government of our country conducted the policy of non-depreciation of RMB is the scientific choice.
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General theory considers,speaking from theory a country's currency depreciation abroad plays the role for stimulating export and restricting import,however,in actual life,the purpose of pulling economic growth will be restricted by a series conditions ,According to the analysis of restrictive conditions which received by stimulating export because of currency depreciation ,in fact,the role of stimulating export because of currency depreciation is limited.Therefore ,the government of our country conducted the policy of non-depreciation of RMB is the scientific choice.
Key concepts: Depreciation (economics), Renminbi, Economics, Consumption of fixed capital, Currency, Monetary economics, Government (linguistics), International economics