Title: An Empirical Study on the Impact of RMB Exchange Rate Fluctuation on Export Trade-Take China’s Electronic Communication Equipment Manufacturing Industry as an Example
Abstract: In the context of the expected devaluation of the RMB, the article aims to delve into the impact of fluctuations in the RMB exchange rate on the export trade volume. Moreover, the article takes the electronic communication manufacturing industry as an example and establishes an econometric model which is based on the relevant economic data during the period from 2000 to 2014. The model is used to analyze the effects of exchange rate fluctuation, gross domestic product (GDP), wage level and export commodity price on export trade volume. Due to the availability of data, this article has not discussed the factors such as product brand, reputation, policy and so on. Based on the analysis results, this paper puts forward some suggestions for the development of China's exchange rate system and the means to avoid risks in export trade.