The Influence Of RMB Exchange Rate Fluctuation On China's Import And Expert Trade

Exchange rate changes is a country's monetary unit of the currency exchange rate changes to other currencies,affect the relative price of international market goods,ultimately affect the demand and the import and export trade of the country.The exchange rate change of a country is very important to the balance of import and export trade of a country.In August 2015,the People's Bank of China issued a statement on the improvement of the central parity offer of the RMB against the US dollar.It announced that the central parity of the RMB exchange rate against the US dollar will take into account the changes in international exchange rates and foreign exchange supply and demand from August 11 On the basis of the situation,refer to the previous working day interbank foreign exchange market closing exchange rate.811 exchange rate reform,the renminbi to open the road to devaluation,which will China's import and export trade what kind of impact?This paper first reviews the process of RMB exchange rate system and exchange rate change since the reform and opening up,and analyzes the changes of China's import and export trade in various periods.Then,this paper summarizes the domestic and foreign theoretical and empirical literature on exchange rate and import and export trade,and then uses the econometric method to study the impact of RMB exchange rate changes on the total import and export trade and the import and export trade structure.In particular,this paper examines the changes in the impact of import and export trade at different exchange rates before and after the two exchange rates around July 2005 and August 2015,and found that after the exchange reform,the RMB exchange rate changes China's import and export trade structure has a new impact The mechanism changes.Finally,This paper puts forward the suggestion of government policy and enterprise decision based on the influence mechanism of RMB exchange rate fluctuation on China's import and export trade.The main innovations and contributions of this paper are as follows:(1)according to the change rules and reasons of RMB exchange rate,the change of RMB exchange rate since 1995 has been divided into three stages.(2)analyze the impact of exchange rate changes at different stages on China's total import and export trade and trade structure,and focus on the impact of exchange rate on trade before and after the reform of 811 exchange rate.(3)according to the analysis results and in combination with China's national conditions,specific countermeasures and Suggestions were put forward for the government and foreign trade enterprises.