Effects of Fluctuations in the RMB Exchange Rate on Trade Between Belt and Road Initiative Nations

A. Zheng ()
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A. Zheng: Xiamen University, School of Economics

A chapter in Proceedings of the International Workshop on Navigating the Digital Business Frontier for Sustainable Financial Innovation (ICDEBA 2024), 2025, pp 68-82 from Springer

Abstract: Abstract This paper indicates the influence of fluctuations in the Renminbi (RMB) exchange rate on bilateral trade between China and countries involved in the Belt and Road Initiative (BRI). By analyzing the effects of different exchange rate regimes, this study aims to provide insights into how RMB exchange rate volatility influences trade patterns, economic competitiveness, and policy adjustments in BRI countries. This study combines previous studies by scholars with theoretical insights to elucidate how RMB exchange rate changes under various regimes affect trade between China and its BRI partners. Findings reveal that while RMB depreciation generally promotes Chinese exports, the degree of this impact depends on the exchange rate regime and the financial conditions of the partner countries. The paper wraps up with policy suggestions for China and BRI countries to more effectively manage exchange rate risks and enhance trade benefits.

Keywords: RMB Fluctuation; Belt and Road Initiative; Import and Export; Exchange Rate Policy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-652-9_8

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DOI: 10.2991/978-94-6463-652-9_8

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