Environmental Science
8 years ago

Undervalued RMB Boosts China's Economy, Overvalued RMB Hinders Growth.

International business
The Effect of RMB Real Exchange Rate Misalignment on China's Economic Growth
Zhe Pang

Paper Summary

The study looked at how the value of China's currency, the RMB, affects the country's economic growth. They found that when the RMB is undervalued, it helps China's economy grow. But when the RMB is overvalued, it slows down China's economic growth.

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