Publications
Publications
- March 2006 (Revised November 2006)
- HBS Case Collection
China: To Float or Not To Float? (C)- Esquel Group and the Chinese Renminbi
By: Laura Alfaro, Rafael M. Di Tella and Ingrid Vogel
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.)