Analysis of the Depreciation of RMB in 2014
Authors
Huichao Gong
Corresponding Author
Huichao Gong
Available Online August 2014.
- DOI
- 10.2991/icemss-14.2014.45How to use a DOI?
- Keywords
- Exchange rate, RMB, Depreciation.
- Abstract
In the first half of 2014, China’s exchange rate has depreciated a lot. According to China’s exchange rate data this article analyzes the reasons for the depreciation as well as the impact of it. Government forces and Chinese economic situation are both considered to be closely related to the weakening in exchange rate. In contrast little support is found for a long-term trend to depreciate because China's balance of payments continued to expand and post a twin surplus.
- Copyright
- © 2014, 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/).
Cite this article
TY - CONF AU - Huichao Gong PY - 2014/08 DA - 2014/08 TI - Analysis of the Depreciation of RMB in 2014 BT - Proceedings of the 2nd International Conference on Education, Management and Social Science PB - Atlantis Press SP - 158 EP - 160 SN - 2352-5398 UR - https://doi.org/10.2991/icemss-14.2014.45 DO - 10.2991/icemss-14.2014.45 ID - Gong2014/08 ER -