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《Financial Market Research》 2017-02
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The Exchange Rate and Upgrading the Structure of Trade

In theory, the depreciation of the renminbi and a revival of external demand should improv e exports. However, in practice, it is another story. One possible explanation is that internal real exchange rat e appreciation leads to the transfer of resources from domestic tradable spheres to non-tradable areas. That is especially true in real estate where price rises weaken export competitiveness.
【CateGory Index】: F752;F832.6
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