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Exchange Rate
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m ary Of Case
mince £ China has pegged the val e of its c rrency the
y an to the Um dollar at an exchange rate of Um $£ to 8.8
y an.
To preserve the val e of y an against the dollar the Chinese
central bank reg larly bo ght or sold dollar and has stricter
c rrency control than ost co ntries.
Early press re was b ilding for china to alter its
exchange rate policy .
Pegged exchange rate nderval es the y an by as ch as
percent .
This has res lted the boo in China export and liit iports.
It has lead to job losses of Aerican an fact ring
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Affect on enterprises operating in China
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the Y an¶s rise co ld help foreign
carakers operating in China ² incl ding GM and
Ford ² by aking iported a to parts less
expensive.
Cont«.
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Cont««.
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In Concl sion
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