Research On The Impact Of RMB Exchange Rate Of FDI In Xinjiang

Since the reform and opening up,international direct investment has made rapid development.In 2014,China surpassed the United States for the first time to become the world's largest international direct investment country,the annual absorption of 129 billion US dollars,was named "the most attractive" investment countries.The study of the relationship between exchange rate and FDI originated from the collapse of the Bretton Woods system.After the collapse of the original system,countries have implemented floating exchange rate system.Xinjiang as the central area of the Silk Road economic zone,China and the Central Asian countries exchange of the window,international direct investment to promote industrial upgrading and structural adjustment in Xinjiang,Xinjiang's economic development has a crucial role.On the basis of the general theory of relative cost theory,relative wealth theory,location transfer theory and risk preference theory,this paper has greatly enriched and developed the theory of exchange rate change on FDI.The important theoretical and practical significance of studying the relationship between FDI and exchange rate changes in.Based on the theory of relative theory,relative cost theory,location transfer theory and risk preference theory,this study uses the 1994-2014 statistical data to study the impact of RMB exchange rate changes on Xinjiang 's FDI.First,the impact of RMB exchange rate changes on Xinjiang's FDI is mainly based on the changes in the dual exchange rate system and the exchange rate during the economic transition period,the pegged exchange rate system and the exchange rate changes during the exchange rate consolidation period,the floating exchange rate system and the exchange rate changes.The situation of the overall size of FDI,the situation of Xinjiang FDI investment industry,the situation of FDI investment in Xinjiang,the analysis of the current situation of the impact of RMB exchange rate changes on Xinjiang's FDI,and the empirical analysis of the impact of RMB exchange rate changes on Xinjiang's FDI.This paper analyzes the impact of RMB exchange rate changes on the scale of Xinjiang's FDI,the selection of indicators and the description of the data,the choice of models and the empirical methods,the empirical analysis of the impact of RMB exchange rate changes on the overall size of Xinjiang's FDI;The empirical analysis of the impact of different types of international direct investment,the selection of indicators and the description of the data,the choice of models and the empirical methods,the empirical analysis of the impact of RMB exchange rate changes on export-oriented FDI in Xinjiang,the change of RMB exchange rate,The empirical analysis of the impact of the RMB exchange rate changes on the different regions of Xinjiang region of the direct impact of international direct investment analysis,the selection of indicators and data,model selection and empirical methods,the first model selection,the RMB exchange rate changes on the South The empirical analysis of the impact of FDI and the impact of RMB exchange rate changes on the northern region of FDI.Finally,the conclusions drawn in this chapter are summarized.Empirical evidence shows that the appreciation of the RMB exchange rate to suppress the overall size of FDI in Xinjiang,exchange rate fluctuations will inhibit the overall size of FDI in Xinjiang,the appreciation of the renminbi will inhibit the export-oriented FDI in Xinjiang,RMB appreciation will promote the service-oriented FDI in Xinjiang,the appreciation of the RMB exchange rate,Exchange rate appreciation promotes southern Xinjiang FDI.Based on the empirical results,this paper puts forward some countermeasures and suggestions,and the depreciation and appreciation of the RMB exchange rate is the concern of the People's Bank of China.For the Xinjiang local government,to cope with the appreciation of the renminbi or depreciation,the local government should take corresponding countermeasures,first of all,the devaluation of the renminbi,adjust the corresponding policy to absorb international direct investment.Improve the investment environment and soft environment,adjust the laws and regulations,with a view to promoting service-oriented FDI,to promote the South region to absorb more FDI.Second,the appreciation of the renminbi against the background,adjust the corresponding policy to absorb international direct investment.In the context of appreciation,local governments should actively develop relevant investment policies,industrial policies,tax policies,financial policies to attract international direct investment,need more reasonable guidance of FDI.Finally,the yuan remains stable in the context of taking appropriate policies to promote international direct investment.Xinjiang to give full play to a strong industry-related effects,to achieve the common development of technology and economy.From the perspective of regional development,should actively guide foreign investors to infrastructure,basic manufacturing,equipment manufacturing,high-tech industries and so on.