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| Tekijä: | E Zhihuan |
| Otsikko: | Cutting ties with US dollar: the trends of China's exchange rate policy (original in Chinese) |
| Lehti: | China National Conditions and Power Monthly (c)
1997 : 10, p.14-15 |
| Asiasana: | EXCHANGE RATES EXCHANGE CONTROL CHINA |
| Kieli: | chn |
| Tiivistelmä: | Chinese yuan (RMB) is closely tied with US dollar. This paper analyzes its influence on China's economy and finance and holds the following: the orientation of China's exchange rate policy is to change as soon as possible the situation that the exchange rate of RMB against US dollar remains stable over a long period of time and to cut ties with US dollar totally in the actual operation. Doing so will ease the pressure of appreciation on RMB thoroughly. To this end, we must start from the management and distribution system of foreign exchange. |
SCIMA