Global Value Chain Status,Exchange Rate Changes,and China's Exports
Based on the relevant data of China's export countries along the"the Belt and Road",this paper comprehensively analyzes the impact of GVC status on export exchange rate elasticity by using GVC status indicators.The research results indicate that the RMB exchange rate still has a significant impact on exports,and the impact of exchange rate on export competitiveness cannot be ignored.However,the research results also indicate that an increase in the position of the global value chain will weaken the exchange rate elasticity of exports.Therefore,under the trend of RMB exchange rate marketization,deeply integrating into global production and promoting China's global value chain status to the high-end can effectively weaken the impact of exchange rate changes on China's exports to the"the Belt and Road"countries.It is worth noting that in the era of market-oriented exchange rates,it is also necessary to prevent excessive fluctuations in exchange rates to reduce the impact on exports.
Global Value Chain PositionExchange RateExportThe Belt and Road Initiative
万方数据
维普
