Abstract
Though the relevant econometric analysis of the quarterly data from the “exchange reform” in 2005 to 2016, it is found that the real exchange rate changes of the RMB have limited effects on the improvement of the trade balance between China and South Korea. Meanwhile, the changes in political environment, the economic development levels of the two countries and the structure of export trade all have certain impact on the bilateral trade between China and South Korea. Based on the above-mentioned findings, it is proposed that the export enterprises be guided to enhance risk awareness of the exchange rate, change the import and export trade mode and structure, strengthen the cooperation in financial fields, such as currency swaps, and actively promote the internationalization of the RMB.
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