Empirical Analysis of the Effect of Chinese RMB Transmission to Flexible Foreign Exchange Rate System on Trade Relations in Asian Region

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Chinese economy is still growing rapidly whereas world economy in general is showing slow or negative growing after the world financial crisis in 2008. Under the situation above, US and other countries are mentioning the strong pressure of appreciation on RMB. From the empirical studies, the change of RMB might not have strong effect on Chinese economy. On the other hand, political factors have significant effect on Chinese export. From these findings, we can conclude that not the RMB change but the political uncertainty might be the possible problem in East Asian trade.