Author(s)

Ji Jinghua, ZhangShifang

Corresponding Author

Ji Jinghua

ABSTRACT

The exchange rate is a comprehensive indicator which reflects the state of a country's participation in international affairs of the economy. Since China has entered the WTO, it has greatly increased on trade with the others countries of the world. It will be helpful to develop China's economic if increase the trade, import and export with the superpower -- the United States. According to the data, China shares the total deficit is about 25, and this situation has been keeping unabated. The balance of the exports from China to America and imports from the United States exceeds $170 billion. This has also become a hot topic in the world. While realizing the interflow of resources, the trade imbalance between China and the United States has been increasingly prominent. Therefore, the fluctuation of the RMB exchange rate is considered as the main reason of the trade war happening between China and America . This article analyzes the influence of the rate of RMB which changes on Sino-US trade, and analyzes and summarizes from three aspects: trade structure, total trade volume and international balance of payments. Targeted countermeasures have also been proposed. This has important practical significance in terms of the relationship between China and America in the future.

KEYWORDS

RMB exchange rate; Sino-US trade; total volume of trade