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Perspective on International Trade and Finance
Finance & Accounting
Pages 8 (2008 words)
Perspective on International Trade and Finance Table of Contents Executive Summary 3 Introduction 4 Analysis of the Case Issues 5 Arguments of the different parties 5 Impact and determinants of the exchange rates 5 Valuation of the Renminbi 7 Impact of revaluation 8 Options available for China to reform its exchange rate regime 9 Conclusion 10 References 12 Executive Summary This paper accentuates on the trade disputes in relation to the exports made by Chinese manufacturers to foreign countries across the world, particularly the developed nations…
This paper focuses on the trade disputes involving China, the impact and the determinants of foreign exchange rates, the valuation of the Chinese currency before and after the reforms. This paper also discusses the options that are available to China for reform of its exchange rate system. Introduction The level of exports by China had amplified radically from $250 billion in the year 2000 to a proposed $1,500 billion in the year 2009. This massive increase of Chinese exports severely hampered rival businesses in the developed countries, predominantly the Europe and the United States. In 2001, China entered the World Trade Organization (WTO), which ascertained China the right to export to countries like US and the Europe. Nevertheless, the entry to the WTO necessitated China to stick on to certain regulations that were required to endorse fair trade and generate a level playing ground for all. ...
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