Research on the Impact Mechanism of RMB Internationalization on the Price Resilience of Manufacturing Exports

Abstract

This article focuses on the impact mechanism of the internationalization of the RMB on the price resilience of manufacturing exports. Firstly, it expounds the process and current situation of the internationalization of the RMB, as well as the connotation and importance of the resilience of manufacturing export prices. Then, from multiple perspectives such as the exchange rate transmission mechanism, trade cost mechanism, international monetary power mechanism, and market expectation mechanism, an in-depth analysis is conducted on the specific paths through which the internationalization of the RMB affects the resilience of manufacturing export prices. Based on the research results, relevant policy suggestions are put forward to enhance the price resilience of manufacturing exports and promote the internationalization process of the RMB.