The Impact of RMB Exchange Rate Changes on the Import and Export Trade of China’s Textile and Clothing Industry: An Empirical Analysis Based on the Data from 2000 to 2019

DOI

10.2991/assehr.k.211011.062How to use a DOI?

Keywords

Textile and clothing products, Import and export trade, Exchange rate

Abstract

With the low-cost advantage of the textile and clothing industry gradually weakened, the impact of RMB exchange rate changes on the import and export of China’s textile and clothing industry has become increasingly significant. In this paper, we use cointegration method to analyze the impact of RMB exchange rate changes on the import and export of China’s textile and clothing industry. The results show that there is a significant positive correlation between the real effective exchange rate and import and export, and the real effective exchange rate has a greater impact on the export. In addition, there is also a mutually reinforcing relationship between imports and exports.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Huadong Xiao
PY  - 2021
DA  - 2021/10/12
TI  - The Impact of RMB Exchange Rate Changes on the Import and Export Trade of China’s Textile and Clothing Industry: An Empirical Analysis Based on the Data from 2000 to 2019
BT  - Proceedings of the 2021 6th International Conference on Modern Management and Education Technology（MMET 2021）
PB  - Atlantis Press
SP  - 348
EP  - 351
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211011.062
DO  - 10.2991/assehr.k.211011.062
ID  - Xiao2021
ER  -