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| Tekijä: | Song, Ze |
| Otsikko: | New direction in the international monetary mechanism of the 1990s and China's strategy for international finance (original in Chinese) |
| Lehti: | International Trade Journal (c)
1993 : 11, p.38-42 |
| Asiasana: | IMF INTERNATIONAL RELATIONS FINANCIAL POLICY CHINA |
| Kieli: | chi |
| Tiivistelmä: | In accordance with the connections among currencies of the mainland, Hong Kong, Macao and Taiwan, China should work out a suitable plan of exchange rate adjustment and finally realize the goal of convertible RMB--four currencies replaced by one current money--internationalized China yuan. The reserve currency should be foreign exchanges. A revolving substitution model of foreign exchange reserve should be set up and the equivalent weigh of foreign exchange reserve should be decreased. Dynamic equilibrium of balance of international payments should be kept in a long period. Flexible and effective policies of capital flow should be formulated. |
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