Title: Influence of Revaluation of RMB on the Export Commodity Structure
Abstract: By analyzing the theoretical model about how the exchange rate affects export commodity structure,this paper found out that the rising of nominal exchange rate is helpful to the adjustment of export structure if the real exchange rate rises as well.However,this adjustment is based on the reduction of labor-intensive products export.Considering the present economic condition in China,the exchange rate of RMB can be revaluated properly.This action will help to resolve international trade dispute,balance international payments,and improve the industrial and export structure.Meanwhile,it will not have severe negative impact on the employment.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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