China's Exchange Rate Regime - Research Foundation, China Development
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The imbalance between Chinäs currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. This book reports on a major research project undertaken following the 2005 exchange rate reform to assess the impact on Chinäs economy. 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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Produktbeschreibung
The imbalance between Chinäs currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. This book reports on a major research project undertaken following the 2005 exchange rate reform to assess the impact on Chinäs economy. 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.
Autorenporträt
China Development Research Foundation is one of the leading economic think tanks in China, where many of the details of China's economic reform have been formulated. Its work and publications therefore provide great insights into what the Chinese themselves think about economic reform and how it should develop.