Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)

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The Impact of Exchange Rate Changes on China’s Imports and Exports Under the Epidemic

Authors
Yishun Feng1, *, †, Junkang Li2, †, Xuehe Qiao3, †, Peichen Xiao4, †, Bohao Yao5, †
1The Lewis School of Business, Marshall University, Huntington, 25755, United States of America
2Sydney Institute of Language and Commerce, Shanghai University, Shanghai, 200000, China
3College of Finance and Economy, Guangdong Polytechnic Normal University, Guangzhou, 510000, China
4School of Public Economics and Administration, Shanghai University of Finance and Economics, Shanghai, 200433, China
5School of economics and management, Beijing Institute of Technology, Beijing, 100000, China
†

These authors contributed equally

*Corresponding author. Email: feng12@marshall.edu
Corresponding Author
Yishun Feng
Available Online 29 April 2022.
DOI
10.2991/aebmr.k.220405.251How to use a DOI?
Keywords
Exchange rate; COVID-19; Import; Export
Abstract

Affected by the COVID-19, the Federal Reserve System adopt monetary policies to ease the economic crisis. The resulting changes in exchange rates will have an impact on China’s import and export trade. In this paper, data on exchange rate movements and imports and exports after the outbreak are selected to analyze the impact on imports and exports in terms of quantitative easing, policy effects, import and export controls, and shipping prices. It also observes whether exchange rate and import/export movements show a J-curve in the short and long run due to contractual effects. Based on the perspective of global value chains, this article makes recommendations on the future trend of the CNY exchange rate which suggests that China needs to actively respond to the spread of the global epidemic and look for a way out rather than waiting for the epidemic to change.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
29 April 2022
ISBN
10.2991/aebmr.k.220405.251
ISSN
2352-5428
DOI
10.2991/aebmr.k.220405.251How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Yishun Feng
AU  - Junkang Li
AU  - Xuehe Qiao
AU  - Peichen Xiao
AU  - Bohao Yao
PY  - 2022
DA  - 2022/04/29
TI  - The Impact of Exchange Rate Changes on China’s Imports and Exports Under the Epidemic
BT  - Proceedings of the 2022 7th International Conference on Social Sciences and Economic Development (ICSSED 2022)
PB  - Atlantis Press
SP  - 1498
EP  - 1504
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220405.251
DO  - 10.2991/aebmr.k.220405.251
ID  - Feng2022
ER  -