Research on the Influential Mechanism of RMB Exchange Rate on China's Export and Import Trade

Abstract

Exchange rate (ExRate), as an economic lever, plays a role in price conversion in international cross-border trade activities, reflecting the relative prices of international commodity factors, and playing a connecting role in domestic and international markets. This is the most effective way to regulate international economic competition. The issue of the RMB ExRate has always been a focus of widespread attention, and its floating elasticity is gradually expanding. The influence of export trade is also intensifying with ExRate fluctuations. In today's world of economic globalization and regional economic integration, the economic integration between countries is becoming increasingly strong. Foreign trade plays a crucial part in a country's national economy, and the fluctuation of the RMB ExRate in China's foreign trade has a significant influence. ExRate fluctuations are an important factor affecting international trade, and how to respond to the influence of RMB ExRate fluctuations on China's export and import (exim) trade is a problem that we must pay attention to. Therefore, studying the influence of changes in the RMB ExRate on China's export trade has strong theoretical and practical significance. This article analyzes the RMB ExRate and exim trade situation in China in recent years, and then analyzes the influence of RMB ExRate fluctuations on China's exim trade, and proposes corresponding policy recommendations.