THE EFFECTS OF RMB EXCHANGE RATES CHANGES ON THE AUTOMOBILE IMPORT AND EXPORT TRADES OF CHINA
Journal Title: Topics in Economics, Business and Management (EBM) - Year 2017, Vol 1, Issue 1
Abstract
The purpose of the paper focuses on analyzing the relationship between the fluctuations of exchange rates and auto imports and exports with data from 2006 to 2015. We find that short-term changes of RMB exchange rates do not have an evident association with auto foreign trades. However, in the long term, appreciation of RMB has a negative impact on auto exports and is positive related to auto imports, while the positive relation is not evident. Depreciation of RMB improves auto exports and deteriorates the auto imports although the relation is very weak and limited.
Authors and Affiliations
Rui Wang
Keywords
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- EP ID EP412820
- DOI 10.26480/icemi.01.2017.177.179
- Views 80
- Downloads 0
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