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Pub Date:January 2012
China's Exchange Rate Variation
Impacts on Industrial RestructuringBy Gu Kejian and Yu Jia
Explores the Impact of RMB Exchange Rate Fluctuations on China’s Industry and Economy
China’s Exchange Rate Variation: Impacts on Industrial Restructuring analyzes China’s current industrial restructuring as it is affected by exchange rate variations. Using the three transmission paths of China’s exchange rate variation as the basis of their research, authors Gu Kejian and Yu Jian examine the link between the RMB exchange rate and the overall industrial restructuring of China. Looking at the trends of China's exchange rate, and the reforms of the system, the authors determine how these factors shape industrial restructuring efforts. China’s Exchange Rate Variation: Impacts on Industrial Restructuring also offers practical suggestions which will allow China to gain “comparative advantage” on its path to industrial restructuring. Using the latest theories and methods of analysis, authors Gu Kejian and Yu Jian highlight the clear connections between China’s currency exchange rate policy and the nation’s industrial patterns.
About the Authors
Gu Kejian is a Professor at the School of Business at Renmin University of China. His areas of expertise are international trade theory and policy. He has published many papers in academic journals such as the Journal of Economic Research and The World Economy.
Yu Jian is a PhD in Economics and an Assistant Analyst at the Department of Business Management of the People’s Bank of China. His areas of expertise include the world economy, industrial economics, and the monetary policy of the central bank. He has published several academic papers in The International Trade Journal and The Journal of Financial Research