Jianqing Dong

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This paper studies the impact of RMB nominal exchange rate on Sino-US trade balance. We find that there is a co-integration relationship among Sino-US trade balance, RMB nominal exchange rate, American real income and Chinese real income, and Sino-US trade balance is more sensitive to RMB nominal exchange rate, 1% devaluation in RMB will cause an increase(More)
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