Abstract

Reasearch on the interaction between exchange rates and Chinese bio-pharmaceutical companies

Author(s): Li Zhou

Biological technology as the key driving force in international science and technology development, it has great strategic significance in solving the problem of population, health, food, energy, environment and other issues, this also makes the biological industry has become the focus of international competition. The resut shows exchange rates that has the important influence to the bio-pharmaceutical companies. In addition, government intervention can not eliminate the macro economic instability phenomena. Because FDI decided by exogenous factors, domestic policy makers can not calculate the right FDI value, so the policy makers in fact neither know, also can't make all kinds of capital flow achieve the right level and thus they can't avoid macroeconomic instability