Relationship Between Rmb's Real Exchange Rate And China's Import And Export

This paper selects the United States, Japan and Hong Kong SAR as its main targets, classifies their characteristics, and researches on the relationship between RMB's real exchange rate and China's international trades with them. It begins with mathematical models, makes regression analysis, examines the effectiveness of the equation, and concludes in comparisons.The aim of this paper is to seek specific regularities of different countries or regions in their international trades with China, through researching into specific exports and imports according to the sort of countries or regions.This paper is special in empirical research methodology and numeral logistic regression analysis. It based on official data and did logical and sequential operations, including linear regression, examination of degree of fitting, and examination of variable significance. It specially focuses on comparison, seeking explanations from different phenomena of different countries or regions.In the conclusion part, this paper explains exchange rate policy, the impact of internal inflation on external balance, and the time-lag effect between adjustment of exchange rate and change of international balance.