Analysis of Current Situation of CNY

DOI

10.2991/assehr.k.211209.105How to use a DOI?

Keywords

China’s balance of payments; CNY exchange rate; CPI; monetary policy; Federal Reserve; epidemic

Abstract

From 2018 to 2021, the CNY fluctuates constantly under the combined effect of a series of internal and external factors, but there is no entry-level summary paper in the literature market that makes the change process and results more concise and clear. This article provides a statistical description to the CNY in recent years and other economic indicators of China, such as import and export sales, balance of international payment, structure of export product, USDCNY exchange rate, inflation rate, CPI and GDP. In this paper, current statements of events in recent years are summarized and its impact to CNY is analyzed, such as China’s monetary policy, additional tariffs imposed by the United States, the Federal Reserve’s QE policy, and a series of changes brought about by the epidemic. The last part is to discuss the influence of factors which will influence the future trend of CNY such as the Fed’s interest rate hike and the transformation of China’s mainland industrial structure.

Copyright

© 2021 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Zhen Wang
PY  - 2021
DA  - 2021/12/15
TI  - Analysis of Current Situation of CNY
BT  - Proceedings of the 2021 3rd International Conference on Economic Management and Cultural Industry (ICEMCI 2021)
PB  - Atlantis Press
SP  - 641
EP  - 648
SN  - 2352-5428
UR  - https://doi.org/10.2991/assehr.k.211209.105
DO  - 10.2991/assehr.k.211209.105
ID  - Wang2021
ER  -