The Influence of the Depreciation of China's Domestic Currency on Trade Relations with the EU

• Main Authors: Loredana Jitaru, Lorena Florentina Dumitrașciuc
• Format: Article
• Language: English
• Published: Ovidius University Press 2019-01-01
• Series: Ovidius University Annals: Economic Sciences Series
• Subjects: depreciation of the Chinese currency; RMB exchange rate; China; trade deficit; EU
• Online Access: http://stec.univ-ovidius.ro/html/anale/RO/wp-content/uploads/2019/08/5.pdf

Despite the fact that EU-China cooperation relations have enjoyed undeniable success, issues that affect the harmonious development of these relationships have not been delayed. One of the issues affecting EU-China trade relations is the EU's trade deficit. In this context, we want to examine the influence of the Chinese currency depreciation on trade relations with the EU. In this regard, we aim to see if there is a possible link between the EU trade deficit in relation with China and the renminbi depreciation, and for this we applied the correlation method.