Cheung, Yin-Wong; Chinn, Menzie D.; Qian, Xingwang - CESifo - 2014
We examine Chinese-US trade flows over the 1994-2012 period, and find that, in line with the conventional wisdom, the … value of China’s exports to the US responds negatively to real renminbi (RMB) appreciation, while import responds positively … reduce China’s trade balance. The use of alternative exchange rate measures and data on different trade classifications …