Economics, Econometrics and Finance
8 years ago

Debate on RMB Exchange Rate Intensifies as China Joins WTO

Journal of Pingdingshan Teachers' College
The Trend of RMB Exchange Rate Policy
Luo Shi

Paper Summary

The article discusses the RMB exchange rate policy in China, with some people suggesting it should be lowered while others argue for stability. China's upcoming membership in the WTO will put pressure on the RMB rate. The main goal of China's RMB rate policy is to maintain the stability of the currency value.

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