China had to revalue its decade-long quasi-fixed exchange rate of about 8.28 yuan per U.S. dollar by 2.1% to 8.11% in July 21st, 2005 and, it also introduced a more market-based exchange rate system.
Many analysts and economists were disappointed with what they considered too little a change and called for more flexibility in the U.S. dollar-yuan exchange rate. Provides a timeline of further changes important to the Chinese renminbi.
PUBLICATION DATE: March 03, 2006 PRODUCT #: 707S11-HCB-SPA
This is just an excerpt. This case is about GLOBAL BUSINESS
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