China Tells

Above study intends to evaluate the impact of RMB appreciation on equity market in different parts of the world. The chart is the performance of equity market in local currency and USD during 6 months after the RMB appreciation in July 2005. It seems that Japan’s equity market is the largest beneficiary, followed by emerging markets and China. US equity market seems to show a negative performance.

根据对05年人民币升值的研究发现，在人民币升值后的6个月内，世界各地的股市表现不一。其中日本股市表现最为优异，在人民币升值后六个月内增长了20%。其次为中国内地股市和其他新兴经济股市。美国股市不涨反跌，与其他市场反应相反。