Subject category:
Economics, Politics and Business Environment
Published by:
Harvard Business Publishing
Version: 13 March 2009
Revision date: 10-May-2019
Length: 12 pages
Data source: Field research
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https://casecent.re/p/110013
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Abstract
This is a Spanish version. On July 21, 2005 China revalued its decade-long quasi-fixed exchange rate of approximately 8.28 yuan per US dollar by 2.1 % to 8.11% ad, at the same time, introduced a more market-based exchange rate system. Many analysts and economists were disappointed with what they considered too small a change and called for more flexibility in the US dollar yuan exchange rate. Provides a timeline of further changes relevant to the Chinese renminbi.
About
Abstract
This is a Spanish version. On July 21, 2005 China revalued its decade-long quasi-fixed exchange rate of approximately 8.28 yuan per US dollar by 2.1 % to 8.11% ad, at the same time, introduced a more market-based exchange rate system. Many analysts and economists were disappointed with what they considered too small a change and called for more flexibility in the US dollar yuan exchange rate. Provides a timeline of further changes relevant to the Chinese renminbi.

Spanish language

