Influence of RMB Appreciation on Import Sources of Agricultural Products

摘要

Tins paper takes the monthly data of China's imports of agricultural products from every continent from July, 2005 to April 2008 as a specimen period to analyze the influences of China's economic growth and RMB revaluation on China's imports of agricultural products from every continent Demonstration result indicates that the economic growth of China stimulates the growth of the agricultural products import from Asia, Europe, South America, North America and Oceania. And RMB revaluation has further speeder up China's imports of agricultural products from Asia, Europe, South America and Oceania while slowed down that of other continents. We find mat both economic growth and RMB revaluation have no positive influence on China's imports of agricultural product from Africa. The difference probably results from the comparative superiority between economy of China and every continent.