Chinese Yuan devaluation fails to improve trade balance, J-curve pattern detected.
The article looks at how devaluing the Chinese Yuan affects China's trade balance. The researchers used a regression equation with factors like domestic and foreign income, money supply, and exchange rates. They analyzed data from 1999 to 2016 and found that while devaluation initially boosts the trade balance, the overall impact is not significant. They also observed a J-curve pattern in how the trade balance adjusts over time.