This study investigates the relationship between the real exchange rate (RER) and economic growth in China applying a cointegrated VAR (CVAR) model. However, in contrast to the assumptions of trade partners, this paper finds that the Chinese economy has not benefited from the lower exchange rate...

This paper investigates the impact of the US and China‘s foreign aid to Africa on trade flows between donor and recipient countries. Evidence from the gravity model estimates reveals that the two donors‘ exports are strengthened by their aids to African partners. Interestingly, China‘s aid...