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2018•Unpublished venueOpen access

Appreciation of RMB Exchange Rate and its Impact on China's Foreign Trade

Xindi Wang, Xin Jin

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Abstract

This paper, first researches the reform course and status quo of RMB exchange rate.Then, it makes an empirical study by using the relevant data of RMB exchange rate and foreign trade from 2006 to 2017, summarizes the reasons for RMB appreciation and expounds the positive and negative effects of RMB appreciation on China's foreign trade from three aspects: total volume, foreign trade dependence and trade mode.Finally, it puts forward some suggestions on the adverse effects in order to provide decision-making reference for macroeconomic management departments and better adjust the fluctuation of the RMB exchange rate.

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This paper, first researches the reform course and status quo of RMB exchange rate.Then, it makes an empirical study by using the relevant data of RMB exchange rate and foreign trade from 2006 to 2017, summarizes the reasons for RMB appreciation and expounds the positive and negative effects of RMB appreciation on China's foreign trade from three aspects: total volume, foreign trade dependence and trade mode.Finally, it puts forward some suggestions on the adverse effects in order to provide decision-making reference for macroeconomic management departments and better adjust the fluctuation of the RMB exchange rate.

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Available abstract

This paper, first researches the reform course and status quo of RMB exchange rate.Then, it makes an empirical study by using the relevant data of RMB exchange rate and foreign trade from 2006 to 2017, summarizes the reasons for RMB appreciation and expounds the positive and negative effects of RMB appreciation on China's foreign trade from three aspects: total volume, foreign trade dependence and trade mode.Finally, it puts forward some suggestions on the adverse effects in order to provide decision-making reference for macroeconomic management departments and better adjust the fluctuation of the RMB exchange rate.

Key concepts: Renminbi, China, Exchange rate, International economics, International trade, Business, Economics, Monetary economics

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