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  • March 2006 (Revised April 2015)
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China: To Float or Not To Float? (B)- Timeline of Changes Relevant to the Chinese Renminbi

By: Laura Alfaro and Rafael M. Di Tella
  • Format:Print
  • | Language:English
  • | Pages:21
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Abstract

On July 21, 2005 China revalued its decade-long quasi-fixed exchange rate of approximately 8.28 yuan per U.S. dollar by 2.1% to 8.11% and, 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 U.S. dollar-yuan exchange rate. Provides a timeline of further changes relevant to the Chinese renminbi.

Keywords

Currency; Exchange Rate; China; Macroeconomics; Trade; Currency Exchange Rate; Governance Controls; Policy; China; United States

Citation

Alfaro, Laura, and Rafael M. Di Tella. "China: To Float or Not To Float? (B)- Timeline of Changes Relevant to the Chinese Renminbi." Harvard Business School Case 706-022, March 2006. (Revised April 2015.)
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About The Authors

Laura Alfaro

General Management
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Rafael M. Di Tella

Business, Government and the International Economy
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Related Work

    • March 2006 (Revised April 2015)
    • Faculty Research

    China: To Float or Not To Float? (B)- Timeline of Changes Relevant to the Chinese Renminbi

    By: Laura Alfaro and Rafael M. Di Tella
Related Work
  • China: To Float or Not To Float? (B)- Timeline of Changes Relevant to the Chinese Renminbi By: Laura Alfaro and Rafael M. Di Tella
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