rishavthakur27
Exchange rate represents the external value of a currency. Changes in exchange rates may affect the relative position of a country in the international trade. Politicians and economists concern about exchange rate variability for lots of reasons, among which that the exchange rate variability discourages trade comes first. However, a large empirical literature on this issue does not confirm a significant effect of exchange rate on the volume of trade [1]. Instead other variables such as employment should be much more important from a practical point of view, for it is closely related to people’s livelihood. With China's deepening Opening Up and economic restructure adjustment and the continuous appreciation of RMB in recent years,
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With China's deepening Opening Up and economic restructure adjustment and the continuous appreciation of RMB in recent years,