Analysis Of Soybean Trade Between China And The U.S.

In recent years,with the trend of internationalization of the RMB,the RMB exchange rate in international trade is becoming increasingly apparent.One of the main crop soybeans as China's agricultural market,and its impact on the overall market conditions in the Chinese agricultural market is very large.However,from the beginning of the 1990 s,China's soybean market has shifted from self-sufficiency to rely on imports,and domestic soybean soybean imports gradually replaced as the main source of China's soybean market.In addition to the vigorous development of the soybean industry in recent years,foreign and domestic soybean industry,the lack of scientific management and development,the exchange rate movements is also an important factor in China's soybean imports in.In recent years,the continuous appreciation of the RMB exchange rate decreased to a large extent stimulated foreign products exports to China.China's imports of soybean as the most important agricultural species,is also due to the appreciation of the yuan and more dependent on imports,this trend is greatly hindered the development of the domestic soybean industry.Firstly,to change the situation in which China's soybean and exchange rates,combined with the classical theory of international trade were discussed.After the introduction of Equilibrium Displacement Model(EDM)research methods,select the RMB against the US dollar as an exogenous variable,each element of the elastic changes in exchange rates in the international soybean market were analyzed,and the data calculated elasticities.The results showed that the growth of the RMB against the US dollar,the devaluation of the Yuan,will drive demand through the upgrading of domestic soybean market price of domestic soybeans,soybean stimulate the domestic market,foreign soybean and soybean negative effect on China's exports.After passing through mathematical analysis,combined with the results of the analysis and the lack of domestic soybean market forces reason to draw relevant policy recommendations.To develop the domestic soybean market,the need to control the fluctuation of RMBexchange rate,slowing the appreciation,in order to maintain stability of the domestic soybean market.In addition,the government should also strengthen management,increase research investment,to build domestic brand soybean,soybean industry to enhance the strength I had from the roots to promote China's soybean industry is flourishing,healthy development.