Proceedings of the 2nd International Conference on Education, Management and Social Science

Analysis of the Depreciation of RMB in 2014

Authors
Huichao Gong
Corresponding Author
Huichao Gong
Available Online August 2014.
DOI
https://doi.org/10.2991/icemss-14.2014.45How to use a DOI?
Keywords
Exchange rate, RMB, Depreciation.
Abstract
In the first half of 2014, China’s exchange rate has depreciated a lot. According to China’s exchange rate data this article analyzes the reasons for the depreciation as well as the impact of it. Government forces and Chinese economic situation are both considered to be closely related to the weakening in exchange rate. In contrast little support is found for a long-term trend to depreciate because China's balance of payments continued to expand and post a twin surplus.
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Proceedings
2nd International Conference on Education, Management and Social Science (ICEMSS 2014)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
August 2014
ISBN
978-94-62520-30-1
ISSN
2352-5398
DOI
https://doi.org/10.2991/icemss-14.2014.45How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Huichao Gong
PY  - 2014/08
DA  - 2014/08
TI  - Analysis of the Depreciation of RMB in 2014
BT  - 2nd International Conference on Education, Management and Social Science (ICEMSS 2014)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemss-14.2014.45
DO  - https://doi.org/10.2991/icemss-14.2014.45
ID  - Gong2014/08
ER  -