manufacturing capital stock is accounted for. Thus, the China-US trade balance should respond to real exchange rate and relative …

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one … the parity conditions is shrinking over time. In particular, China and Hong Kong appear to have experienced significant …

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 …