Reforming the Currency Exchange System
(4,401 words)

In The China Economy Yearbook, Volume 1 | ISBN: 9789004156388

I. Introduction

The People's Bank of China made the following announcement on July 21, 2005: “Beginning today China will adopt a managed float exchange rate system. That is, currency value will depend on supply and dema…

Cite this page
Li, Yang and Yu, Weibin, “Reforming the Currency Exchange System”, in: Chinese Research Perspectives Online, Edited by: International Advisory Board Chinese Research Perspectives Online. Consulted online on 24 March 2018 <>

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