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Books > Social sciences > Politics & government
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China's Exchange Rate Regime (Paperback)
Loot Price: R1,536
Discovery Miles 15 360
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China's Exchange Rate Regime (Paperback)
Series: Routledge Studies on the Chinese Economy
Expected to ship within 10 - 15 working days
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The imbalance between China's currency, the RMB, and those of other
countries is widely regarded as a major problem for the world
economy. There was a reform of China's exchange rate mechanism in
2005, following which the RMB appreciated 17% against the US
dollar, but many people argue that further reform is still needed.
This book reports on a major research project undertaken following
the 2005 reform to assess the impact on China's economy. It
considers the impact in a number of areas of the economy, including
export-oriented companies, the banking industry, international
trade, international capital flows, and China's macroeconomic
policy. It concludes that the policies pursued so far have been
correct, and that further reform, both to the exchange rate, and to
the system overall, would be desirable, but that any reform should
be gradual and incremental, preserving economic stability, and
integrating changes with reform in other parts of the economy.
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