changes in China’s exchange rate policy in 2005 and 2010 and employing data on some 6,000 firms in 44 economies. Stock returns … market sentiment and specific trade effects. Expected renminbi appreciation has a positive effect on firms exporting to China … competing with China in their home market but fall for firms importing Chinese products with large imported-input content. There …

We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008 … with employment data at the region-sector level. The results of this paper have important implications for China''s labor …