INTERNATIONAL EXPERIENCE AND PRACTICE REASON AND IMPACT OF INCREASE IN CHINESE YUAN VALUE OF CHINA NGUYEN XUAN HONG Banking Academy After much pressure on Chinese Yuan (CNY)‚ China made decision on increase in their currency in 6/2010. How will this increase impact on relevant objects? This article aims to find reason and impacte of increase CNY value of Chine on Chinese economy and other countries‚ including Vietnam be carefull on exchange rate policy to avoid impact on export.
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Case Study A Yen for Yuan 1. China is trying to hold down the value of the yuan because the Chinese government believes that the appreciation of their currency can cause serious challenges to its export industry‚ as the price of the exported goods will increase causing the demand for Chinese goods worldwide to weaken and eventually causing serious unemployment in the country. The most obvious sign that China is pursuing a weak currency policy is shown by the Chinese Central Bank had been maintaining
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Economic Impact of the Chinese Yuan Revaluation Xiaohe Zhang School of Economics‚ Politics and Tourism Faculty of Business and Law The University of Newcastle. Callaghan‚ NSW 2308‚ Australia Telephone: 612-49215034 Fax: 612-49216919 Email: James.Zhang.@newcastle.edu.au Abstract Since the beginning of the economic reform process in 1979‚ the Chinese currency (yuan) was devalued on many occasions until 1994 when the two-tier foreign exchange system was ended. While the official rate of yuan had been maintained
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Theodore Deriziotis To what extent was Yuan-Shikai responsible for the collapse of the Republican government? It is known that Yuan Shikai tried to decrease the power of the democratic republic and centralize the power on himself. He was a strict authoritarian and went to the extent of declaring himself Emperor in 1916. However‚ shortly after that he died and the Republic collapsed while China descended into warlordism. The country entered a chaotic state‚ with no centralized authority while at
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“The Yuan Goes Global” 1) How does the Chinese government limit the use of the Chinese currency‚ the RMB‚ on the global currency markets? Through the settlement of trade transactions‚ Chinese government can limit the use of currency on global currency markets. In the past‚ US dollars was the denominator of Chinese exports that back in 2009 there were only 1% of the $1.2 trillion Chinese exports were denominated in RMB while in 2011 the percentage had risen to 7%. This shows the Chinese government
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Wal-Mart and the Yuan Debate 1.Why is the value of the yuan so important? Wal-Mart’s business strategy relies on low production costs which it can pass on to its customers. If Wal-Mart were a country then it would be China’s eighth largest trading partner ahead of Russia‚ Australia‚ and Canada. Wal-Mart’s non-Chinese owned suppliers operating in China number nearly 5‚000 and all of them benefit from a low valued yuan compared to the dollar. The 176 million worldwide
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China’s perspective Chinese officials argue that their currency policy is not meant to favor exports over imports‚ but instead to foster economic stability through currency stability. The policy reflects the government goals of using exports as a way of providing jobs to Chinese workers and to attract Foreign Direct Investment (FDI) in order to gain access to technology and know-how. Yuan exchange rate regime could affect China’s economic growth also can through two aspects: the first is through
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XIAOPING : The chinese reform Elmahdi Fathi : 2014-81611 China has always been renowned for being successful in the domains of science and arts‚ however in previous decades‚ China has been ravaged by famines‚ civil discomfort and foreign outsourcing. China was consumed by this injustice until well after the Second World War when Mao Zedong introduced Communism adapted from the U.S.S.R‚ and created an autocratic socialist system which imposes firm constraints upon the Chinese social‚ political
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the retail market. While critics of the firm are quick to attack the business for its deep discount prices and market pressure‚ Walmart continues to be a driving force for the American economy . The question that opponents and proponents often revert back to is what kind of impact is Walmart having upon the economy of the United States. Opponents often attack Walmart about the job loss that has arisen through its lifetime‚ while propoents of the retailer focus on the stimulating effect that Walmart
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The Immigration and Economy of the United States Economic globalization is a tendency‚ and it can move goods‚ services‚ technologies‚ and capital to achieve the cross-border cooperation. The United States also is a nation of immigrants‚ and a lot of foreign people who believe in American Dream has helped the economic success of the U.S. over the centuries. However‚ now the immigration is a very controversial issue in American‚ and the both presidential candidates also proposed a series of policies
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