Title
Further Development Of Renminbi'S Exchange Rate Regime After Joining The Wto,Used
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Diploma Thesis from the year 2010 in the subject Economics Monetary theory and policy, grade: 2,7, University of Trier, language: English, abstract: Since 2002, China's rapid growth and the trend of globalization have forced China to face its currency's regime development. Although Chinese central bank in 2005 announced to adjust its regime towards basket policy, Yuan has been pegged to USD while maintained undervaluation and trade surplus in the following years, which led to global criticism and pressure to revalue. Under such circumstance, the discussion around Yuan has shifted towards whether Chinese currency regime should be more flexible, abandoning the old argument that how much Yuan should revalue. This essay provides a study regarding the future of RMB, based on analysis of Yuan's development before and after entering WTO, and the pros and cons of Yuan's regime during China's development. Also, this article also draws insights from the development of capital export and restriction, high saving rate and huge foreign reserves. Based on the analysis, the article reaches the conclusion: considering the huge negative impact on China's economy should Yuan revaluate, it is not realistic to expect Yuan to raise sharply in the near future; if China is to allow Yuan to revalue, the most possible course of action is to implement some extra financial polices to reduce the impact.
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Shipping & Returns
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We ship your order within 2–3 business days for USA deliveries and 5–8 business days for international shipments. Once your package has been dispatched from our warehouse, you'll receive an email confirmation with a tracking number, allowing you to track the status of your delivery.
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We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Your payment information is processed securely. We do not store credit card details nor have access to your credit card information.
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Visa, MasterCard, American Express, Paypal, Shopify Payments, Shop Pay and more.