Appreciation of Chinese Yuan and International Trade: The Case of Liaoning, China
利用辽宁1999-2011年数据，分析人民币升值对国际贸易的长期影响，发现升值能增加出口、减少进口，但对改善国际收支顺差作用不显著。
The paper analyzes the relationship between RMB exchange rate and international trade using the data of 1999-2011 of Liaoning, China. The finding shows appreciation of Chinese Yuan has a long run effect on international trade. It can increase the export and decrease the import. And there is unidirectional causal relationship between them. But it has no significant influence on improving surplus in balance of payment, which is maybe related with the processing trade. It is hope to be beneficial to improve development of Liaoning foreign trade.