The Effect Of Renminbi's Appreciation On Shanghai's Exports

In recent years, renminbi has always been under the pressure of appreciation. Since 2005, driven by the pressures, renminbi has appreciated for a small range, and what will affect the exporting companies attracts lots of attentions. As one of the most important economic cities, Shanghai is opening up to the outside, so the appreciation will have a direct effect on the export of Shanghai. This article will study whether the export of Shanghai will be affected by the appreciation and the different effect of the appreciation on different industries.Based on the thought, this article will first research the effect of appreciation on the export as a whole of Shanghai, and it finds that the effect is small. Then according to the specialties of different industries, it will study the different effects of appreciation on different industries, and compare them. It finds that: The appreciation of renminbi will has different effects on different industries, but either is very small. At last, it will analysis how does the effects arise and gives some advise. The article will use a linear regression method to analysis the effect of appreciation on the whole export and use a relevance of analytical methods to analysis the effect of appreciation on different industries.There are mainly two methods to express the exchange rates: nominal exchange rate and real effective exchange, and there are some different between them. This article first studies the exports of Shanghai, a typical economic region, as its target. During its study process, it studies appreciation effects of the two different exchange rates on the export of Shanghai, and compares the different effects.