Author(s)

Pengyun Wang, and Minxuan Zhong2

Corresponding Author

Pengyun Wang

ABSTRACT

The frequent occurrence of Sino-US trade frictions has exacerbated the fluctuation of the RMB exchange rate and caused the instability of our exchange rate market. The US government's provocation of the Sino-U.S. Trade war is directly aimed at opening China's market to the United States, and the deeper purpose is to curb China's revival. As the Sino-U.S. Trade environment becomes increasingly tense, the Chinese government is increasingly required to balance the relationship between opening up and the stability of the RMB exchange rate. Therefore, maintaining the stability of China's exchange rate market in the context of the Sino-US trade war has become an urgent issue. This article reviews the 22-month Sino-U.S. Trade war and exchange rate trends, clarifies the ways in which the Sino-U.S. Trade war affects the RMB, and several issues facing the RMB exchange rate under the long-term effects of the trade war, and proposes corresponding countermeasures.

KEYWORDS

Sino-US trade war, RMB exchange rate, 301 survey