Economic Management Journal

October 2012, Volume 1, Issue 2, PP.22-29

The Influence of Recent RMB Appreciation on

China Agriculture Products Trade
Peng Wu
Department of Economics of Hubei University of Economics, Wuhan 430205, China
Email: 568378599@qq.com

Abstract
On July 21, 2005, the People's Bank of China announced to take a managed floating exchange rate system, and the RMB began a
slow appreciation. The appreciation of the RMB produces various influences on each industry in our country. Since ancient times,
China is a huge agricultural country with a large population, so the security issue of grain stands a pivotal status in our country.
Every time the RMB appreciation comes, it will bring new changes and influences to the agricultural trade policies. According to
the appreciation of RMB, the change of trade composition and the quantity of Chinese agricultural products, this article considers
that the RMB appreciation produces a certain effect on our agricultural production and development, but the impact is limited. In
the short term, the revaluation will lead to the decrease in the number of export of Chinese agricultural products, and lead to the
increase of import; However, in the long term, RMB appreciation helps our country to learn from many foreign advanced
technologies, to improve agricultural production efficiency and quality, to optimize the agricultural planting structure and layout,
and further to improve the comparative advantages of agricultural products in China.
Keywords: Appreciation of the RMB; Agricultural Trade; Trade Structure; Advice

430205
2005 7 21

2005 7 21
1 8.110000
2006 05 17 8:1 1 7.9982
2008 04 10 7:1 1 6.9920 2011 4 29
6.5 1 6.4990
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1
1.1

1
2004 2004

7,000,000.00
6,000,000.00
5,000,000.00
4,000,000.00
3,000,000.00
2,000,000.00
1,000,000.00
0.00

2006

2007

2008

2009

1
Figure 1 Import/export value of agricultural products in China for this year (Data source: the Ministry of Agriculture)

1.2

100000000
80000000
60000000

40000000
20000000

0
2006

2007

2008

2009

2
Figure 2 Size of import of agricultural products in recent years (Data source: the Ministry of Agriculture)

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2006 2009
312 (2006 ) 20726 (2009 )

1
Table 1 Import value of primary agricultural products in recent years (Data source: the Ministry of Agriculture)

2006

2007

2008

2009

3,594,975

1,557,475

1,540,510

3,150,965

729,915

487,487

329,698

356,788

65,358

35,429

50,024

84,480

612,774

100,517

43,060

904,125

2,140,614

913,428

1,076,266

1,738,486

3,785

5,984

6,230

4,714

6,715,352

8,396,628

8,171,140

9,502,490

43,995

374,776

269,792

467,526

1,542,635

2,822,909

2,585,670

2,391,222

312

11,163

5,896

20,726

5,081,921

5,095,128

5,282,320

6,441,284

1,054,165

437,861

639,145

808,811

196,157

220,714

239,887

258,839

124,071

107,188

114,094

97,177

1,372,074

1,455,114

1,792,288

2,404,615

2,992,644

3,564,700

4,199,067

4,162,560

3,776,051

3,464,712

3,890,882

3,742,574

2004
3

2006
2007
2008
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2008
07

3
Figure 3 Import of soybean in China in recent years (Data source: the Ministry of Agriculture)

1.3

50000000
40000000
30000000

20000000
10000000

0
2006

2007

2008

2009

4
Figure 4 List of export of primary agricultural products in China in recent years (Data source: the Ministry of Agriculture)

20.56%2001-2003
2004
5

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3000000
2500000
2000000
1500000
1000000
500000
0

2001

2002

2003

2004

2005

2006

2007

2008

2009

5 (: )
Figure 5 Import/export of rice in China over the years (Data source: the Ministry of Agriculture)

1.4

2.1
2.1.1

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2.1.2

(1)
(2) 2003 10
2004
3 2007

2009
(3)

(4)

2.1.3

(1) (2)
8 (3)
2.1.4

2.1.5

2.2

(1)
10% 10.9% 10.8%
2.6%

(2)
- 27 -


(3)

(4)

(5)

(6)

(7)

(8)

(9)

- 28 -

[1] , . [J]. , 2005, 27(6)

[2] , . [J]. , 2008,(8)
[3] , . [J]. , 2008,(4)
[4] . [J]. , 2010,(2)
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[7] . [J]. (), 2008, (15)
[8] . [J]. , 2009, (2)
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[10] , [J]. , 2008, (6)
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[22] . [J]. , 2009, (18)
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[24] . [J]. , 2008, (2)
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[31] . [J]. , 2006, (5)

(1988- ) Q0741
Email: 568378599@qq.com
(1970- )

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