Can RMB’s Internationalization Have an Impact on China's Import Trade?
DOI:
https://doi.org/10.54097/fbem.v9i1.8287Keywords:
RMB, Currency internationalization, China, Import trade.Abstract
The internationalization of RMB is the unescapable consequence about the quick economic development of China. RMB internationalization has many influences on China, and the import trade is the direct object of RMB internationalization. This paper consists of three parts: expounds the meaning of internationalized RMB, the theoretical analysis of the RMB’s influence in the import business from exchange rate and trade distribution level, and the internationalized RMB effect in the way of import trade. For the verification of RMB internationalization’s influence int the domain of Chinese import trade, this thesis uses regression analysis to make the hypothesis that RMB internationalization has an effect on Chinese import trade, after this, finally obtains a significant negative correlation, the hypothesis is established.
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