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| Author: | Miao, Zhentang |
| Title: | Exchange rate system reforms and the future orientation of Fujian foreign economic trade (original in Chinese) |
| Journal: | Development Research (c)
1994 : 4, p.3-5 |
| Index terms: | FOREIGN EXCHANGE INTERNATIONAL TRADE CHINA |
| Language: | chi |
| Abstract: | The cove of the reform of the foreign exchange system is a single foreign exchange rate and buying and selling foreign exchange. It is favorable to promoting export and checking import, to direct foreign investment and strengthening labor export, and improving overseas investment. In the future, the exchange rate of RMB will have fluctuations but the general trend is stable. The convergence of the dual-track RMB exchange rate is under the pressure of two-layer inflation. Cost of foreign debt increases. There are many joint ventures in Fujian and there will be a lot of additional capital. |
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