Since China's transition to a market economy, the labour productivity growth has been dramatically rapid, in particular since 1994. This speeding up has been accompanied by the reverse of the exchange rate policy of China, which has strongly depreciated its currency before 1994, and then either...

This article studies the effect of exchange rate regimes on the dramatic growth of the trade between China and Sub-Saharan Africa. A real exchange rate augmented gravity model shows that the exports of China?s manufactured goods are stimulated by the real depreciation of the renminbi against...