The Revaluation of the Chinese Yuan

Paper Summary:

This twelve page paper examines the yuan. The paper presents the opinion that revaluing China's currency is necessary for several reasons, the most important of which is China's economic expansion, which has been impressive ever since economic and political reforms began to be implemented by Deng Xio Ping in the late nineteen-seventies.

From the Paper:

"The Revaluation of the Chinese Yuan: An Analysis of Implications Many economists believe that revaluing China's currency is necessary for several reasons, the most important of which is China's economic expansion, which has been impressive ever since economic and political reforms began to be implemented by Deng Xio Ping in the late nineteen-seventies. The People's Republic of China's expanding economic participation in the global economy has had currency implications, for a nation of more than one-billion people becoming a major trade partner in the world economy affects currency values around the world. Bohan (2005) notes that "China revalued the yuan by 2.1 percent in July and cut it loose from the dollar so it could float within tightly managed bands."

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