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trade deficit which is likely due to other factors such as its negative savings and large budget deficit. Furthermore, Zhang and Fung used a multisector, multiregional, static computational general equilibrium mode to evaluate the impact of RMB appreciation on Chinaâs economy and its trade partners...
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The results showed that although the appreciation of Yuan will benefit U.S. in the short-term, it will worsen the U.S. trade balance, hurt the U.S. economy, and also decrease the welfare to the whole world in long-term.
From my point of view, the real reason behind the huge amounts of Chinaâs export to U...
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Will chinese Yuan appreciation
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