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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

    • April 2023
    • Journal of the European Economic Association

    The Real Exchange Rate, Innovation and Productivity

    By: Laura Alfaro, Alejandro Cuñat, Harald Fadinger and Yanping Liu
    • February 2023
    • Faculty Research

    The Trouble with TCE

    By: Vincent Pons and Rafael Di Tella
    • February 2023
    • Faculty Research

    Doing Business in Boston, Massachusetts

    By: Laura Alfaro, Leonard A. Schlesinger and Zeke Gillman
More from the Authors
  • The Real Exchange Rate, Innovation and Productivity By: Laura Alfaro, Alejandro Cuñat, Harald Fadinger and Yanping Liu
  • The Trouble with TCE By: Vincent Pons and Rafael Di Tella
  • Doing Business in Boston, Massachusetts By: Laura Alfaro, Leonard A. Schlesinger and Zeke Gillman
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