The Influence Of Exchange Rate Fluctuation On Export Merchandise Structure

Since reform and opening-up, China's foreign trade has developed rapidly.It has made a great contribution to economic growth of China. At the same time, the ways of foreign trade are changing constantly. In recent years, the relation of exchange rate and foreign trade are closer. Fluctuation of exchange rate has influence on foreign trade, also the export merchandise structure. Fluctuation of exchange rate changes the relative price and the competitiveness of export goods in international market, so as the demand of China's commodities in foreign countries. But the composition of export commodities also depends on other factors other than relative prices, including the factor endowments, industrial structure of the country and etc. The purpose of this article is to give a systematic analysis on how fluctuation of exchange rate affects the composition of export goods through other factors.This article includes four chapters altogether.The first chapter, introduction. Point out that the close relationship of exchange rate and the export merchandise structure. It is meaningful to take the opportunity of appreciation of RMB to optimize the export structure. This chapter classifies the research result the relations between exchange rate and structures of foreign trade. We make further analysis based on these comments.The second chapter, the theoretical analysis on the exchange rate fluctuation and the export merchandise structure. This article introduces the conception of exchange rate and structure of foreign trade. Find out some main factors which affect the structure of foreign trade and the path of how exchange rate fluctuation acting on them. Exchange rate has both direct and indirect influence on export merchandise structure.The third chapter, comparative analysis on changes of export merchandise structure of China and Japan with the exchange rate fluctuation of RMB and JAPANESE YEN. This chapter reviews the different periods of exchange rate of RMB and JAPANESE YEN, analysis the foreign trade policy China and Japan adopted and the actual situation of the structure of export goods. Merit Japan's successful experience to optimize the structure of export goods of China.The fourth chapter, policy proposal on optimize the structure of export goods under the appreciation of RMB. Make some policy advice from the view of trade and finance according to the reality of China to optimize the structure of export goods.