Environmental Science
8 years ago

Undervaluation of RMB Boosts Economic Development in China, Study Finds.

Shuxue de shijian yu renshi
Study the Influences of the Real Exchange Rate Misalignment of RMB on the Economic Development in China
Xianbing Cao

Paper Summary

The study looked at how the value of China's currency, the RMB, affects the country's economy. By analyzing data from 1990 to 2006, the researchers found that when the RMB is undervalued, it helps boost economic development in China. This means that having a lower value for the RMB can actually be good for the country's economy.

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