By July 2005, the currency of China was valued again by 2.1% and the country adjusted its exchange rate regime toward a more market-based system.
Esquel Group, a family-run, privately held fabrics firm specializing in high-quality cotton tops with its most critical production base located in China, was among those firms confronted with the challenge of addressing the revaluation of the Yuan and the possibility of future appreciation. Supplies a short summary of China's textile industry and backdrop on Esquel Group.
PUBLICATION DATE: March 06, 2006 PRODUCT #: 707S10-PDF-SPA
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