THE IMPACT OF RMB EXCHANG RATE CHANGES ON CHINA’S TEA EXPORT TRADE

Abstract

China is the birthplace of the world's tea and is the world's largest tea producer. However, in recent years, due to the developed countries have set up strict technical barriers to Chinese tea, which has dealt a blow to China's tea export trade. And is there a relationship between the RMB exchange rate and China's tea export trade? Can we improve the international status of Chinese tea by studying the relationship between the exchange rate and tea export trade? This project examines the problems in the current state of China's tea trade. The first chapter explains the significance of the topic and the research objectives. The second chapter analyzes the relationship between China's tea trade volume, RMB exchange rate and tea production through an extensive literature review. Chapter three describes the research methodology of this study, describes the sources of data and analyzes the data through the knowledge of the research software to develop a research model according to the research direction. Chapter 4 uses Eviews software to analyze the data, using descriptive and empirical analysis to study the role of exchange rate fluctuation of RMB and Chinese tea production on China's tea export trade. Chapter 5 concludes this study and makes relevant policy recommendations for Chinese tea exporters and the Chinese government.