Can China's trade surplus be reduced with a Renminbi appreciation?

Can China's trade surplus be reduced with a Renminbi appreciation?

The aim of this paper is to show the impact of exchange rate policy on China’s trade surplus using regression analysis. We investigated the impact of exchange rate on China’s trade balance, through its exports and imports. Our results show that the reduction in the trade surplus will be limited as t...

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Main Authors: Tjong, Kuo Liang, Zhang, Jinglin, Zhuo, Shuqin
Other Authors: Gu Qingyang
Format: Final Year Project
Language:English
Published: 2009
Subjects:
DRNTU::Social sciences::Economic development::China
Online Access:http://hdl.handle.net/10356/14997
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Institution: Nanyang Technological University
Language: English
id sg-ntu-dr.10356-14997
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spelling sg-ntu-dr.10356-149972019-12-10T14:21:25Z Can China's trade surplus be reduced with a Renminbi appreciation? Tjong, Kuo Liang Zhang, Jinglin Zhuo, Shuqin Gu Qingyang School of Humanities and Social Sciences DRNTU::Social sciences::Economic development::China The aim of this paper is to show the impact of exchange rate policy on China’s trade surplus using regression analysis. We investigated the impact of exchange rate on China’s trade balance, through its exports and imports. Our results show that the reduction in the trade surplus will be limited as the exchange rate is negatively correlated with both exports and imports, with the latter to a lesser extent. This implies that a Renminbi (RMB) appreciation will reduce exports and have little or no significant effect on imports. Hence, exchange rate policy, alone, will not be able to address the huge trade imbalance that China has with the rest of the world. Bachelor of Arts 2009-03-19T00:41:38Z 2009-03-19T00:41:38Z 2009 2009 Final Year Project (FYP) http://hdl.handle.net/10356/14997 en 48 p. application/pdf
institution Nanyang Technological University
building NTU Library
country Singapore
collection DR-NTU
language English
topic DRNTU::Social sciences::Economic development::China
spellingShingle DRNTU::Social sciences::Economic development::China
Tjong, Kuo Liang
Zhang, Jinglin
Zhuo, Shuqin
Can China's trade surplus be reduced with a Renminbi appreciation?
description The aim of this paper is to show the impact of exchange rate policy on China’s trade surplus using regression analysis. We investigated the impact of exchange rate on China’s trade balance, through its exports and imports. Our results show that the reduction in the trade surplus will be limited as the exchange rate is negatively correlated with both exports and imports, with the latter to a lesser extent. This implies that a Renminbi (RMB) appreciation will reduce exports and have little or no significant effect on imports. Hence, exchange rate policy, alone, will not be able to address the huge trade imbalance that China has with the rest of the world.
author2 Gu Qingyang
author_facet Gu Qingyang
Tjong, Kuo Liang
Zhang, Jinglin
Zhuo, Shuqin
format Final Year Project
author Tjong, Kuo Liang
Zhang, Jinglin
Zhuo, Shuqin
author_sort Tjong, Kuo Liang
title Can China's trade surplus be reduced with a Renminbi appreciation?
title_short Can China's trade surplus be reduced with a Renminbi appreciation?
title_full Can China's trade surplus be reduced with a Renminbi appreciation?
title_fullStr Can China's trade surplus be reduced with a Renminbi appreciation?
title_full_unstemmed Can China's trade surplus be reduced with a Renminbi appreciation?
title_sort can china's trade surplus be reduced with a renminbi appreciation?
publishDate 2009
url http://hdl.handle.net/10356/14997
_version_ 1681046257208918016

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