Paper Title
Impacts of Exchange Rate on Economic Growth of China (1982 to 2018)

Abstract
This article examines the impact of the exchange rate, foreign direct investment, exports, and imports on the economic growth of China, China is mostly accused of dumping RMB’s exchange rate for increasing exports and economic growth. Thus the relationship among RMB’s exchange rate, Foreign direct investment, exports, imports as independent variables, and gross domestic product per capita income as a dependent variable is analyzed by using time series data for the period of 1982 to 2018, ARDL (Autoregressive-Distributed Lag) and VECM (Vector Error Correction) models were executed for finding relationships among variables. In conclusion, it was found that there is a significant and negative relationship between gross domestic product per capita income and exchange rate for instance with a 1% increase in exchange rate GDP per capita is decreased by 1.2% in long run. However, foreign direct investment and export have a significant and positive relationship with GDP per capita income, with a 1% increase in FDI and exports the GDP per capita is augmented by 1.4% and 0.26%. Keywords - Exchange rate, Economic Growth, ARDL & VECM Models, FDI, Export.