In 2008, the economicgrowth slowed down in all three Baltic states (due to global financial crisis), with Lithuania's real growth rate falling to 3.0%, Latvia's -4.6% and Estonia's -3.6%.
The research subject of this thesis is the effect of change of RMB real effective exchange rate on China's economicgrowth.
因此,本文在检验人民币汇率对中国经济增长影响的时候采用的是人民币实际有效汇率。
3
The depreciation of RMB 'real effective exchange rate promotes economicgrowth, while economicgrowth doesn't bring the appreciation of RMB' real effective exchange rate.