Based on research data of farmers quitting homestead in Jianghan Plain of Hubei Province PR.China, the thesis used the method of the differentiated evaluation and the document research to measure the household livelihood assets of farmers, analyze the diversity of farmers’ characteristics . According to the feasible ability of Sen, the probit model was constructed, and the influencing factors of the differentiated farmers' homestead quitting willingness were validated.The results showed that: (1) According to the differentiated evaluation method of farmers, farmer families can be divided into the asset deficiency and the asset balanced families;(2) the willingness of the farmers quitting homestead was only 20.57%; (3) From the general sample of view, The factors that affected the willingness of the farmers quitting homestead include “farmers’ age, education level、Value of total livelihood assets, identity of "identity" Subjective feelings about living environment and social security; From the characteristics of differentiated farmers, age、education level、the main source of family income and subjective feelings about living environment can be agreed by the asset deficiency and the asset balanced families, the asset deficiency families were also affected by quitting policy and job opportunity, and t the asset balanced families were affected by identity of "identity"and social security. Based on these, it is proposed that differentiated methods and policies of quitting homesteads should be implemented to households, the infrastructure, public service system and social security system of the farmers should be established and improved, the countermeasures of farmers' participation and survival and development should be emphasized to precision compensation and funding, to increase employment opportunities and improve the protection, and the sustainable development of farmers were ultimately achieved.

Under the "Belt and Road" initiative, China's bilateral trade with countries participating in the "Belt and Road" ("B&R") initiative is constant and growing. The implementation of the "B&R" has made the development prospect of cross-border e-commerce very broad. In order to realize the rapid development of cross-border e-commerce, the cross-border e-commerce logistics that accompanies it plays a fundamental and supporting role. To make the cross-border e-commerce logistics smooth and efficient, it is inseparable from the coordinated development with other countries participating in the "B&R" initiative. At present, there are still many problems in cross-border e-commerce logistics cooperation between China and the countries participating in the "B&R" initiative, such as high logistics costs, long transportation time, low customs clearance efficiency, lagging logistics channel infrastructure construction and so on. Therefore, we should improve the mode of international transportation and accelerate the construction of cross-border e-commerce logistics overseas warehouses or border warehouses. Establish and develop a world electronic trade platform in countries participating in the "B&R" initiative to break the restrictions on China's participation in international trade such as the TPP. Explore the establishment of cross-border e-commerce intelligent logistics system, and gradually improve the level of logistics information and specialization, and establish the information sharing system. Focus on building the cross-border e-commerce comprehensive pilot area "big data center". Thus accelerating the development of cross-border trade with countries participating in the "B&R"initiative.

The interest rate is always treated as the price of capital. It plays a most significant role in a country’s capital management and economic development, which poses a vital effect on capital market and monetary market. Therein, the commercial bank that is the important participants in the financial markets will be affected by the reform of interest rate liberalization. Before that, the deposits and loans rate are determined by the People’s Bank of China. Therefore, the People’s Bank of China has the unique authority to decide the magnitude of deposits and loans rate. Namely, the profitability of commercial Banks is denominated by the People’s Bank of China. As the interest rate liberalization, the profitability of commercial Banks will be inevitably impacted by it. Due to this, this paper tries to explore the operating mechanism between interest rate liberalization and profitability of commercial Banks. additionally, the total return to asset that represents the profitability of commercial banks; the net interest spread is treated as a measurement of interest rate liberalization. both are regarded as dependent variables. Meanwhile, the non-interest income or gross revenues and impaired loans or gross loans are treated as independent variables. In order to make the relation between them more clear, the sixteen representative listed commercial banks are divided into three categories (state-owned commercial banks, share-holding commercial banks and city-owned commercial banks) to conduct an empirical analysis. The findings indicate that 1% decrease in the net interest spread will result in 0.131% decrease in the profitability of state-owned in commercial banks, 0.399% decrease in the profitability of city-owned commercial banks and 0.201% decrease in the profitability of share-holding commercial banks. If the sixteen representative listed commercial banks are treated as a whole, 1% decrease in the net interest spread will lead to 0.246% in the profitability of all commercial banks.

2005년 교토의정서를 시작으로 세계의 오염퇴치와 더 낳은 환경을 원하는 다수의 국가들은 온실가스 배출감소를 위주로 한 거시적 장기적 환경관리를 위해 새로운 금융모델인 녹색금융에 높은 관심을 보이고 있다. 이와 더불어 중국은 온실가스 배출량 뿐만 아니라 대기, 수질, 토양 오염 등이 빠른 성장 뒤에 부작용으로 작용하여 자국민들의 삶의 질과 만족도를 크게 떨어뜨려왔다. 특히 중국의 환경 오염문제는 중국 국내 뿐만 아니라 주변국가들에게도 직간접적으로 부정적인 영향력을 끼친다. 특히, 중국의 석탄을 이용한 난방이 시작되는 11월부터 3월까지는 스모그와 고농도 미세먼지는 인체에도 큰 영향을 미쳐 이를 해결하는 직간접적인 방법이 수년간 연구되어 왔다. 녹색금융은 환경보호 기업과 연관 산업 및 기술개발에 금융지원과 보조를 통해 장기에 걸쳐 문제를 해결하고 경제적 효율을 가져 오는 지속가능 한 경제모델의 일종이다. 본 논문을 통해서 중국 녹색금융 발전현황을 되돌아보고, 실제적으로 중국의 상업은행이 녹색금융에 어떠한 정책을 실시하는데 연구한다. 결론적으로 중국정부는 금융기관을 중심으로 2007년부터 꾸준한 녹색금융정책을 실시하고 있지만 실효적인 부분에서는 명시적인 성과를 보이지 못하고 있는 실정이다.

중국 물류산업의 세계 경쟁력이 아직 낮은 수준에 머물고 있는 상황에서 물류산업 FDI에 영향을 주는 요인을 분석하고 물류산업 FDI 유치를 통해 외국투자기업의 선진기술과 성숙된 관리시스템을 중국 현지 물류기업에 도입하고 중국내 효율적인 물류망을 구축하여 중국 물류산업의 발전 및 경제성장에 큰 의미가 있다. 따라서 본 논문은 중국 물류산업 FDI의 현황에 대해 검토한 후 실증분석을 통해 중국 물류 산업 FDI에 영향을 미치는 핵심요인을 살펴보았다. 실증분석 결과 중국 각 성의 경제발전과 제조업 FDI 유입, 물류산업에 대한 고정자산투자 및 물류 산업 인프라의 구축은 물류 산업 FDI의 유입에 긍정적인 영향을 미치고 있다. 또한, 임금변수는 제조업과 달리 중국에 대한 물류산업의 FDI에는 영향을 미치고 있지 않은 특징을 나타냈다. 그러므로 중국의 경제발전을 촉진시키고 제조업에 대한 FDI를 적극 유인해야 하며 적극적으로 물류산업의 인프라를 구축하는 것이 중요하다. 또한 물류산업에 대한 고정자산투자를 늘려야 중국 물류산업 외국인직접 투자를 촉진시킬 수 있다.

Purpose - This paper discusses cross-cultural management (CCM) in China and how its business students get prepared by university cross-cultural management courses for an international market. Research design, data, and methodology – It was therefore decided to do an online content analysis looking at CCM courses offered by a number of Chinese universities first, and second to conduct a quantitative survey on CCM courses as well as topics among Chinese undergraduate business students at a large Eastern Chinese university. Results - From fundamental aspects, seven Chinese cultural standards emerge which highly influence the behaviour of the Chinese. There is a tendency to imply the integration of not only local but also cross cultural issues in academic management courses. Besides Hong Kong, there are currently 17 Chinese universities and schools accredited by the Association to Advance Collegiate Schools of Business (AACSB) that explicitly requires cross-cultural management competencies in undergraduate and graduate degree programmes. In addition, the study confirmed that two-third of the sample (Chinese undergraduate business students) had taken cross-cultural management courses. Conclusions - The results of this research have made it clear that Chinese universities and schools are aware of the importance of cross-cultural management competencies.

Background: This study was conducted to acquire basic information on the phenotypic and genotypic characteristics of the germplasm of Panax ginseng C. A. Meyer collected from China and Korea, and identify the variations that can be utilized in ginseng breeding programs. Methods and Results: Quantitative parameters were evaluated, and used to compare and analyze on genetic polymorphisms in the germplasm. The genetic characteristics and classifications were compared and analyzed for each character. Stem length followed a normal frequency distribution ranging from 15.5 ㎝ to 40.5 ㎝, with showing approximately 40% having a stem length of 20 - 30 ㎜. Stem diameters ranged from 2.7 ㎜ to 11.3 ㎜. Stem number per plant ranged from 1 to 3; approximately 50% had a single stem, and 45% had two stems. A non-normal frequency distribution was observed for petiole number, with approximately 60% of the germplasm having 3 - 5 petioles. Petiole length exhibited a normal frequency distribution, raging from 4.5 to 10.6. Petiole angle in the germplasm ranged from 28° to 89° and seedstalk length ranged from 5.6 ㎝ to 27.3 ㎝. Conclusions: The genetic polymorphisms identified by complete linkage clustering based on the quantitative characteristics of Panax ginseng C. A. Meyer collected from Korea and China were classified to 6 groups, namely I, II, III, IV, V, and VI with frequencies of 6.7%, 20.0%, 31.7%, 8.3%, 6.7%, and 26.7%, respectively.

Purpose - This study attempted to discover the impact of the Korea-China FTA(Free Trade Agreement) on electronic products distribution industry. Strategies will be provided to expand both countries' trade after the Korea-China FTA. Research design, data, and methodology - This study analyzed the differences before and after the Korea-China FTA, using an RCA(Revealed Comparative Advantage) index, TC(Technology Sophistication Index) index and TSI(Trade Specialization Index) that considered the FTA tariff situation. Data was collected from the International Trade Statistics Database and Korea, China Customs Service. Results - The results indicate that following the Korea-China FTA, China and Korea’s bilateral trade of electronic products is expected to expand, and both countries will experience net welfare gains from the markets’ expansion. Korea is competitive in several key products, although it faces competition from China. China's electronic products' competitiveness have indicated an increasing trend. Conclusions - The two countries should closely cooperate and communicate with each other. Ultimately, Korea should focus on high-tech, sophisticated techniques to gain market advantage. On the other hand, with the tariff decrease as well as the labor cost and labor force base, China will greatly be able to benefit from the manufacturing of medium- to low-end products in the future.

Purpose - The purpose of this paper is to analyze the relationship between the real exchange rate and the output, which is based on the macroeconomic equilibrium theory in China. Its aim will be to verify whether the change in the real exchange rate has a significant effect on the output or not. Research design, data, and methodology - This study endeavors triestoinvestigatethecorrelationamongeconomicvariablesunder the macroeconomic market (the commodity market and the money market) equilibrium. So, time-series data from 1990 to 2016 is applied to establish a vector auto-regression (VAR) model so as to perform an empirical analysis. Results - The empirical results reveal that an increase in the real exchange rate will result in an increase in the output in the short run. However, the empirical results also indicate that this kind of mechanism cannot work in the long run. Conclusions - The effect of a decrease of real exchange rate on output is significant in the short run. Also, this paper suggests that the total supply and the total demand can promote economic growth. The fiscal and money policy play a significant role in economic growth in China as well.

The efficiency of port operations is an important indicator of port development. Moreover, there is excess handling capacity in Chinese ports, which results in a slower speed of development. Under the detrimental environment of the international shipping market, it is necessary to improve the operation efficiency of ports for long-term development. This paper provides an assessment of the competitiveness of Chinese seaport companies using the Boston Consulting Group’s matrix, and efficiency measurements using a data envelopment analysis and the Malmquist method. This analysis showed that highly efficient companies reformed their development strategies, which should be a solution considered by less efficient companies, such as Shenzhen Yan Tian Port Holdings Co., Ltd.. Although, having high throughput should be reformed in the investment structure. This research will assist port companies in gaining effective operating experience, and governments in establishing strategic planning to enhance the efficiency of port development.

In order to export Korean spray roses to the China, it is needed to analyse chinese preferences, rose attributes, and purchase intentions. The purpose of this study is to present the implications on the production and distribution of roses for export by analyzing the quality preference attributes and purchase intention of Korean rose for Chinese flower experts. A survey on the preference and purchase intention of Korean flower roses by Chinese flower experts was conducted through face - to - face interviews with flower show participants in China. Approximately 100 Chinese flower experts who participated in the Flower Show in 2016 received the questionnaire, and 86 survey results could be used for analysis. Survey data were analyzed using ordered probit and bivariate probit models. As a result of an analysis, it was found that Chinese flower experts were more likely to buy Korean roses than Chinese roses even if they consider flower color, leaf shape and size and color diversity. The probability of purchasing more than twice the price was higher than that of the color diversity considering the flower shape, leaf shape and size, but the bivariate order probit model was larger than that of flowers, leaves and size, and the order of probability size was changed. In order to increase the export of Korean spray roses to the Chinese market, We need to increase Chinese experts’ preferences and satisfaction. For this purpose, it is very important to develop export varieties of roses with large flower buds and shape / coloring, and to apply the useful post-harvest technology that can extend freshness and distribution period of export roses.

As the reform and opening-up policy is carried out in China for more thirty year, China’s economy has experienced a amazingly rapid development. So, this paper focuses much on the linkage between foreign trade and economic growth. Three variables (GDP, export and import) from 1980 to 2016 are used to conduct empirical analysis under VAR model. Via empirical analysis between foreign trade and economic growth, a finding is obtained that there is a long-run equilibrium relationship among GDP, export and import. Specifically, the export has a long-run significant effect on economic growth in China. However, the impact of import to promote economic growth is greatly less than that of export.

As China has gradually enhanced the levels of economic development and national income or consumption in recent years to increase the consumption of baby products, markets for high-quality baby products are spotlighted so that the scale of markets for baby products is predicted to grow from 180 million yuan in 2015 to more than 360 million yuan in 2020. In the trade of major baby products in China, milk powder is much larger in import than in export in that its imports reached 2.52 billion dollars in 2015, whereas its exports reached 8.46 million dollars. As the trade of baby diapers has tended to increase, their exports amounted to 1.92 billion dollars in 2015, whereas their imports amounted to 1.277 billion dollars. In the trade of baby clothes, of which knitting products were given important weight, their exports came to 3.23 billion dollars in 2015, whereas their imports came to 140 million dollars. In the trade of baby products in Korea, the exports of baby products had increased by 2.3 times during the recent period of 2011-2015, whereas their imports had increased by 1.4 times, as the items leading export and import increase were diapers, milk powder, and cosmetics. Of them, the exports of milk powder had increased by 3.1 times from 36.23 million dollars in 2011 to 112.26 million dollars in 2015 and the exports of diapers had increased greatly from 9.91 million dollars in 2011 to 143.13 million dollars in 2015, whereas the exports of baby clothes had decreased from 33.56 million dollars in 2011 to 28.91 million dollars in 2015 According to the current status of trading principal baby products between Korea and China, for 5 years during the period of 2011-2015, the exports of milk powder to China had increased by 3.9 times from 23.85 million dollars to 93.97 million dollars, so that they tend to increase continuously. Korea exports the largest diapers to China in that their exports had increased by 21.4 times from 5.50 million dollars to 117.63 million dollars for 5 years. In Korea’s trade of baby clothes with China, their exports reached 4.09 million dollars in 2015, whereas their imports reached 29.25 million dollars, so that their exports accounted for 14% of the total exports (based on 2015).

최근 중국 내 경영환경 급변으로 인한 새로운 환경 하에서 한국기업의 중국시장에 진출 현황을 분석하고 한국기업의 대중국 직접투자에 영향을 미치는 요인들을 확인하여 대중국 직접투자 건수로 종속변수를 설정하였으며 독립변수는 시장규모, 환율, 임금수준, 물가의 4개 주요요인을 사용하였다. 통계패키지는 SPSS20를 이용하여 다중회귀분석을 실시하였다. 분석결과에 따라 시장규모, 환율의 변수들이 주로 예상된 부호를 가지고 해외직접투자에 정(+)의 효과를 나타냈을 뿐만 아니라 매우 유의성이 있는 변수로 추정되었다. 이러한 결과는 시장규모, 환율이 클 수 록 한국의 대중국 직접투자가 증가하게 된 것으로 판단할 수 있다. 물가, 임금은 예상대로 부(-)의 부호를 나타냈으며 물가와 임금수준의 낮을 수록 한국기업의 대중국 직접투자가 증가해 보 였다는 결론이 나타냈다.

2001년 11월 WTO가입 이후 중국은, 2013년에 상품무역 전체규모가 4조 1600억 달러에 달해 세계 1 위 무역대국으로 급부상하였다. 그런데 이러한 상품무역의 성장에 힘입어 중국은 최근에 들어서 자국 내 금융지주회사를 국제적 수준으로 발전시켜 세계적인 경쟁력 확보와 제고를 위해 전력을 다하고 있지만, 아직 중국의 금융지주회사제도는 국제금융정세와의 합치성에 일정한 문제점을 노출시키고 있 다. 해당 문제점으로는 첫째, 중국은 현재 자주적인 금융지주회사법을 입법·보유하고 있지 않아 그에 따른 부당한 내부거래의 위험성이 항상 존재한다. 둘째, 금산분리가 엄격하게 지켜지지 않아 각종 은행지주회사들 외에도 한국에서 법으로 금지된 산업자본이 주도하는 은행지주회사까지 빈번하게 출현하고 있다. 셋째, 중국은 금융지주회사 내 관련기관 및 업무의 성격에 따라 분산감독을 실시에 따른 많은 감독체제상의 문제점을 노출하고 있다. 그러나 분명 중국 내 금융지주회사를 전향적으로 다원화하고 이를 국제적 수준으로 발전시키는 것이 중국의 금융시장이 세계적 경쟁력 확보에 필수적이라고 할 수 있다. 따라서 중국은 현재 중국의 법제상 불명확한 금융지주회사의 법적 지위를 먼저 명확하게 해야할 필요가 있다. 이를 위하여 중국 은 주변 금융 선진 국가들의 금융지주회사에 관한 감독법규를 참고하고 이들의 경험을 토대로 중국 내 금융지주회사들이 국제기준과 정합성을 갖추도록 노력해야할 것으로 사려 된다.

"One belt, one road" initiative has the potential to create greater opportunities for the logistics sector in China-Korea FTA. According to the signing and negotiating of the China -Korea Free Trade Agreement will build a comprehensive institutional framework for the trade, investment and cooperation within the two countries, promote the opening of each others market and push forward the integral development and prosperity of the regional economy. The logistics related system in China is dispersed over different，regulations，international rules and technological specifications of every links of logistics；so there is the lack of system aticness，coordination，legal force and international perspective of this system. China should promote the standardization of logistics related system and regulation，establish an independent and uniformed logistics department，and accelerate amendment of related system to meet the requirement of the development of times.

계림은 자연관광과 역사문화의 관광 명소로 풍부한 자연관광자원과 문화․사회관광자원을 확보하고 있는 관광명소이다. 2009년에 관광지개발을 효율적으로 관리하고 추진하기 위하여 중국 정부는 계림에 국가관광종합실험구를 설립하여 본격적으로 관광권역개발을 추진하기 시작하였다. 그러나 계림의 관광지 개발은 많은 문제점을 안고 있어 국제관광지를 개발하는 데 과학적인 대책을 꺼내지 못하고 있다. 그리고 원래 존재한 단일한 관광지 개발구조 등 문제는 여전히 해결하지 못하고 있는 상황이다. 한국은 1970년대부터 관광권역개발에 착수하였고 현재 체계적인 관광관역개발제도를 형성하여 관광지 개발에 있어 많은 성공적인 경험도 쌓였다. 관광지의 분류에 의한 관광지지정제도, 관광법의 법적 보증 그리고 다양한 관광 지원정책 등 그 예들이다. 순천관광지의 개발은 바로 관광권역 개발전략의 현실화 중의 한 예이다. 우수한 관광자원에 의하여 순천은 관광자원의 보호, 관광권역계획의 편성, 제도․법적 보증, 관광지 선정과 지역경제 활성화, 편리한 교통서비스의 구축 등 일련의 대책을 통하여 관광지개발사업이 잘 이루어지고 있다. 한국의 성공적 관광권역개발전략은 계림관광지의 개발 사업에 일조가 될 수 있다.

본 연구의 목적은 중국 유아교사 관련 연구의 전반적인 특징, 주제 현황과 주제들과의 관계 등을 파악 하여 향후의 유아교사 관련 연구 주제에 시사점을 제공하는 것이다. 본 연구는 중국 논문 사이트 知网 (CNKI)에 게재된 학위 논문과 학술지 논문 총 4032편 논문에서 총 1962개 키워드를 산출하여 Textom 을 활용하여 데이터 마이닝을 진행하였다. Textom에서 산출된 데이터는 UNICET 6를 활용하여 전체 키워드의 동시출현 빈도, 밀도, 매개 중심성을 분석하였다. 마지막으로 CONCOR 분석을 실시하여 그 결과를 NetDraw로 시각화하고 도식화하였다. 분석 결과 상위 60개의 키워드를 산출하였으며 키워드 간의 밀도는 0.373이었다. 매개 중심성 분석에서 '현황 연구', '유치원', '유아' 등 단어들이 높은 비율을 차지하였고 키워드를 시각화한 결과 총 4개의 유사군집이 나타났다.

1995년 이래 장수성(江蘇省) 문화사업이 신속한 발전을 가져왔고 문화시장이 갈수록 번영해졌다. 그러나 장수성(江蘇省) 문화발전은 현대화건설과 인민들의 다양화된 문화생활에 대한 수요를 다 적응할 수 없다. 문화시스템 개혁의 진전이 비교적 완만하고 문화산업 발전이 부족하며 지역 간 문화경쟁력이 약하기 때문에 총체적 소질을 높여야한다. 지금 장수성의 역사문화를 보호하고 이용하고 널리 알려야 하며 현재 갖추고 있는 문화자원과 물질자원을 재통합해야 한다. 가장전시기술의 활용은 사람 들에게 역사문화유산의 진실성과 완전성을 보여주고 또한 선진적이고 효율적으로 문화를 홍보할 수 있는 수단이다. 이러한 방법은 곧 사라질 문화유적을 영원히 가상환경에 보존할 수 있고 사람들의 호기심을 불러일으켜 더욱 경험하고 싶게 한다. 가상전시시스템이 공공문화에 널리 활용하게 되면 문화 시스템 건설에 금상천화의 작용을 할 수 있다. 공공문화 서비스시스템은 주로 온라인서비스와 오프라인서비스로 나뉘어져 있고 두 가지 서비스의 대상과 전시형식은 크게 다르지만 최종적으로 정보와 서비스를 점진적으로 대중에게 홍보하고 보급한 데 있다. 가상전시시스템을 공공문화 서비스시스템에 활용하면 전통문화의 전파가 더욱 직관적이고 구체적이며 취미성을 갖는다. 가상전시시스템의 영역은 광범위하고 사람들의 일상생활 곳곳에 커다란 영향을 끼칠 수 있다. 현 재 가상전시시스템을 단지 박물관의 디지털 등 전통 가상전시영역에만 활용하는 것이 아니라 더욱 넓 은 영역에서 활용할 수 있다. 가상전시시스템의 활용은 주요: 상품 디자인, 의료와 교육, 사업과 오 락 등을 포함한다. 가상전시시스템의 훌륭한 쌍방향성은 가상 쌍방향시스템 활용을 통한 공공문화서 비스시스템의 적용범위의 사람들을 결정한다. 과거 공공서비스시스템은 단지 현지참관을 할 수 밖에 없고 평면매체를 열람하는 것을 통하여 지식과 서비스를 누리기 때문에 공공서비스시스템은 더 많은 대중들에게 서비스를 제공할 수 없다. 그러나 현재 가상전시시스템을 통하여 취미성, 쌍방향성과 지 속성을 추가하여 여러 업계와 분야의 사람이 온라인의 취미성 전시를 통하여 더욱 편리하고 광범위한 서비스를 누릴 수 있다. 온라인의 가상전시를 통하여 샐러리맨들은 쉬는 시간에 공공서비스전시시스 템을 사용할 수 있어 시간을 대대적으로 절약할 수 있다. 이러한 과정을 통해 공공문화서비스시스템 은 문화전파서비스와 전시작용에 달성했다.

Purpose – The purpose of this paper was to analyze the Chinese government’s announcement of the RMB’s appreciation on July 1, 2010, and its aim was to ascertain whether the appreciation has affected Chinese export prices by empirically measuring the degree of the exchange rate pass-tough on those prices. Research design, data, and methodology - Using 73 HS trade categories with cross-industry and time-series data, the panel estimation of a fixed-effects model has been applied to measure the degree and stability of any exchange rate pass-through effects. The estimation results show that the export prices of most trade categories were affected by the exchange rate changes. The pass-through effect was generally small, at about –0.485, and statistically significant in most export prices. Results - The empirical results indicate that China would lose its advantage and competitiveness in export if the RMB were appreciated continuously and rapidly because its export goods would no longer operate under strong monopolistic competition. Conclusions – The implications for China’s exchange rate policy suggest that it would be better for the RMB to appreciate slowly and gradually rather than radically. It is clear that it would be allow the capital free flow in Chinese overall economic interest to reduce the continuous appreciation pressure on the currency and pave the way for improvements in export distribution competitiveness.