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  • March 2006 (Revised November 2006)
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China: To Float or Not To Float? (C)- Esquel Group and the Chinese Renminbi

By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel
  • Format:Print
  • | Pages:8
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Abstract

In July 2005, China revalued its currency by 2.1% and adjusted its exchange rate regime toward a more market-based system. Esquel Group, a family-run, privately held textiles firm specializing in high-quality cotton shirts with its most significant manufacturing base located in China, was among those companies confronted with the challenge of addressing the revaluation of the yuan and the possibility of future appreciation. Provides a brief overview of China's textile industry and background on Esquel Group.

Keywords

Family Business; Currency Exchange Rate; Private Ownership; Problems and Challenges; Value Creation; China

Citation

Alfaro, Laura, Rafael M. Di Tella, and Ingrid Vogel. "China: To Float or Not To Float? (C)- Esquel Group and the Chinese Renminbi." Harvard Business School Case 706-023, March 2006. (Revised November 2006.)
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About The Authors

Laura Alfaro

General Management
→More Publications

Rafael M. Di Tella

Business, Government and the International Economy
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More from the Authors
  • Health Externalities and Policy: The Role of Social Preferences By: Laura Alfaro, Ester Faia, Nora Lamersdorf and Farzad Saidi
  • FIELD Immersion 2022: Lawrence, Massachusetts By: Laura Alfaro and Tom Quinn
  • Distributional Consequences of Monetary Policy Across Races: Evidence from the U.S. Credit Register By: Laura Alfaro, Ester Faia and Camelia Minoiu
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