The Impact And Strategy Of Exchange Rate Changes On China's Import And Export Trade Of Auto Industry

Exchange rate can calculate between a country's currency changes with another country's currency.It is an important tool to realize one country's economic balance between internal and external market.It is also one of the most effective tools to regulate the international economic competition.The fluctuation of the exchange rate has profound influence on a country's foreign trade balance and domestic economic activity.As the change of China's economic structure,transformation and upgrading of the auto industry has entered a critical period.On the one hand,our country automobile industry has rapid development speed,has become one of the world's largest car market,go abroad become the inevitable mission of automobile industry development.On the other hand the slowdown car market has become the norm in the global scope,excess capacity in the whole while lack in the local state.China's auto industry brand,technology,talent have large distance with international levels,and need constantly introducing foreign high technology and brand.It's important to study the influence of the exchange rate fluctuation on the automotive industry import and export trade.In this paper,we study and analysis the influence of the exchange rate change on China's auto import and export trade.On the basis of literature research at home and abroad,combing the domestic and foreign scholars' research methods and research results for the demand elasticity of trade and exchange rate fluctuations,which lay a foundation for this study.Do the theoretical analysis and empirical analysis of the influence of the RMB exchange rate change on the automobile import and export trade in our country.Through ADF stationarity test,cointegration test and granger causality test,we obtained the result that the variables in the regression equation of import are stable in the first-order temporal sequence,exeists long-term cointegration relationship,but there exeists no causality relation.According to the result of empirical study,finally puts forward some countermeasures to cope with the exchange rate changes.