The Effection Between The Change Of RMB Exchange Rate And Adjustment Of Trade Structure

The trade structure is basic part of a country’s international trade and has deeply relationship with the country’s macroeconomy. As a compositive indicator that reflect the country’s international competitiveness, Exchange rate executes the function of transforming price and become the important tool of adjusting international balance. Since the reformation and being open to the world, Chinese international trade has developed rapidly and become one of the most important part of global trade. After two RMB exchange reforms, RMB exchange has basically depended on supply and demand of the market and become floating exchange with management.On the foundation of former research, this paper introduce some traditional exchange and trade theories, the thesis used SITC classification data and the co-integration test method to verify the impact of the RMB real effective exchange rate changes on the structure of export commodities. The empirical results show that the RMB real effective exchange rate changes have different effects on different industries, indicating that the real effective exchange rate appreciation can promote China’s industrial structure upgrade optimization.In the end, the thesis put forward policy recommendations to improve the exchange rate regime and to optimize industrial structure.