Abstract
This paper investigates the degree of the sensitivity of different types of trade to RMB exchange rate pass-through (ERRT) on the basis of the 201 sample data collected from Oct. 1996 to June, 2013. As a result, the conclusion is drew that the incomplete pass-through effect of RMB exchange rate performs relatively prominent in types of import and export trade and presents obvious type difference. Broadly speaking, the effect of exchange pass-through on the general import trade type is greater than that on the export. It is also indicated through the analysis that the appreciation of exchange rate can not change radically the phenomenon of trade imbalance. The type of import and export trade in special areas is relatively better concerning the exchange rate pass-through, which can be able to take on the pilot responsibility for the reform of exchange rate in China.
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