Title: Discussion on the Influence of RMB Exchange Rate Change on China's Excavation Industry
Abstract: The rising exchange rate of RMB has impacted the international trade and investment abroad associated with various import and export industries.This paper analyses the influences of appreciation of the RMB on China's mining industry according to export-import structure,investment in foreign country,and the resources price reform,and be based upon the dynamic change of 1981-2009 RMB exchange rate.And then it proposes four countermeasures: increasing the mining enterprise independent research and development capacity,and making great efforts to enhance export structure of mining;positively importing primary essential minerals and establishing resources reserve mechanism;persisting in encouraging domestic resource enterprises to carry out the strategy of going global;actively promoting the reform to resource price structure mechanism.
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot