Exchange Rate Undervaluation and Growth in China

被引：0
|
作者：
Popov V. [1 ,2 ]
Jomo K.S. [3 ]
机构：
[1] Dialogue of Civilizations Research Institute, Berlin
[2] Central Economics and Mathematics Institute of the Russian Academy of Sciences (CEMI RAN), Moscow
[3] Khazanah Research Institute, Kuala Lumpur
来源：
Development | 2020年 / 63卷 / 1期
关键词：
China–US relations; Chinese competitiveness; Chinese exchange rate; Chinese growth;
D O I：
10.1057/s41301-020-00248-y
中图分类号：
学科分类号：
摘要：
The widely held belief that China’s undervalued exchange rate has been crucial to its rapid industrialization and economic growth over the last four decades is critically qualified and nuanced. In any case, renminbi (RMB) appreciation, rising wages with exhaustion of its labour surplus, growing domestic demand and slowing international trade and growth following the 2008 global financial crisis have reduced China’s economic growth. © 2020, Society for International Development.
引用
收藏
页码：120 / 125
页数：5
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