Appreciation of the Renminbi and Urban-Rural Income Disparity in China

Sylviane Guillaumont Jeanneney () and Ping Hua

Revue d’économie du développement, 2008, vol. 16, issue 5, 67-92

Abstract: Although poverty has been significantly decreasing in China over the last twenty years, this decrease has been highly unequal across the provinces and has brought increased disparity in urban and rural per capita income. We studied the impact of exchange rate policy on urban-rural per capita income, which was marked by strong real depreciation before 1994, followed by moderate appreciation before stabilizing. We concluded that in the inland provinces where poverty is hardest, real appreciation has attenuated disparity, whereas real depreciation had accentuated disparity. This result argues for a revaluation of the renminbi.

Keywords: income inequality; real exchange rate; China; urban-rural inequality (search for similar items in EconPapers)
Date: 2008
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