<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462017000100023</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[El tipo de cambio renminbi-dólar y su impacto sobre las exportaciones e Inversión Extranjera Directa en México]]></article-title>
<article-title xml:lang="en"><![CDATA[The Renminbi Exchange Rate and its Impact on Mexicos&#8217; exports and Foreign Direct Investment.]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Vásquez Galán]]></surname>
<given-names><![CDATA[Belem Iliana]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Calderón Villarreal]]></surname>
<given-names><![CDATA[Cuauhtémoc]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,El Colegio de la Frontera Norte Departamento de Estudios Económicos ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<aff id="Af2">
<institution><![CDATA[,El Colegio de la Frontera Norte Departamento de Estudios Económicos ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>México</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>03</month>
<year>2017</year>
</pub-date>
<volume>12</volume>
<numero>1</numero>
<fpage>23</fpage>
<lpage>41</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462017000100023&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462017000100023&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462017000100023&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Este es un análisis del efecto que tiene una fluctuación del tipo de cambio renminbi-dólar sobre las exportaciones mexicanas dirigidas al mercado estadounidense y sobre la inversión extranjera directa procedente de ese país. Las estimaciones de un vector de corrección de error, con datos de 1995 a 2015, indican que una depreciación del renminbi reduce el crecimiento de las exportaciones mexicanas en 2.01 por ciento, pero no tiene efecto sobre la IED. Esto implica que, al ser competidores cercanos con China, el sector exportador mexicano es vulnerable a la política monetaria china que favorece la depreciación de su moneda y, que con ello contribuye a desplazar las exportaciones mexicanas. Los resultados ofrecen apoyo para entender una de las causas por las cuales México ha perdido participación en el mercado estadounidense mientras China la ha ganado. En comparación con otros estudios, nuestros resultados, con un periodo más amplio, nos permiten concluir que la diversificación de las exportaciones incrementa la sensibilidad a una depreciación del renminbi por ello, es recomendable el fomento de bienes de exportación con menor elasticidad.  Clasificación JEL:  C32, E5, F10, F31, F51.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This is an analysis of the e&#64256;ect of a fluctuation of the renminbi-dollar exchange rate on Mexican exports directed to the US market and on foreign direct investment coming from the United States. Estimates of an error correction vector with data from 1995 to 2015 indicate that a depreciation of the renminbi reduces the growth of Mexican exports by 2.01 percent but has no e&#64256;ect on FDI. Implying that by being close competitors with China, the Mexican export sector is vulnerable to Chinese monetary policy which favors the depreciation of its currency and, with that, contributes to the displacement of Mexican exports. The results of our article o&#64256;er empirical evidence to be able to understand why Mexico has lost its share in the US market while China has gained even more. Compared with other studies, our results, with a more ample period, allow us to conclude that the diversification of exports increases the sensitivity to a depreciation of the renminbi thus, it is advisable to promote the export of goods with less elasticity.  JEL Classification :  C32, E5, F10, F31, F51.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[Tipo de cambio]]></kwd>
<kwd lng="es"><![CDATA[Renminbi]]></kwd>
<kwd lng="es"><![CDATA[Exportaciones]]></kwd>
<kwd lng="es"><![CDATA[Inversión Extranjera Directa]]></kwd>
<kwd lng="en"><![CDATA[Exchange rate]]></kwd>
<kwd lng="en"><![CDATA[Renminbi]]></kwd>
<kwd lng="en"><![CDATA[Exports]]></kwd>
<kwd lng="en"><![CDATA[Foreign Direct Investment]]></kwd>
</kwd-group>
</article-meta>
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