SHS Web Conf.
Volume 163, 20232023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|Number of page(s)||4|
|Section||Economic Trade and Financial Investment Analysis|
|Published online||28 April 2023|
The Relationship Between RMB Internationalization and Sino-US Trade
Bristol Institute of Technology, University of the West of England, Bristol, BS1 2QJ, United Kingdom
As China is the largest exporting economy, the rapid internationalization of RMB does impact on the trade structures of many countries. As the United States is China’s most significant trading partner, the factors influencing Sino-US trade cannot be neglected. As a result, in order to widen the study findings in the field of RMB internationalization, this article applies multiple regression analysis to completely evaluate the influence of RMB internationalization on Sino-US trade. The paper demonstrates that RMB internationalization increases both Chinese imports and Chinese exports to the United States, but has a greater impact on exports than imports. Our preliminary results make favorable recommendations for achieving RMB internationalization and benign interactions in Sino-US trade.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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