representative democracy and social justice in a well-planned economy.” - Fidel Castro China‚ a predicament of social injustice‚ has been debated upon its coercive form of government over decades now‚ by eminent scholars and experts‚ who have been discussing about China’s future in their everlasting debates regarding the stand China will ultimately have to take in the coming decades. The fact that makes China as such a controversial subject in the world is because of its combination of its incomparable
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rP os t Indian School of Business ISB009 February 15‚ 2013 Rajesh Chakrabarti op yo Hedging Currency Risk at TT Textiles It was a hot March morning in Kolkata in the year 2009. Sanjay K. Jain‚ —Joint Managing Director of TT Textiles‚ watched the sunlight stream in through his office windowpane. But his mind was elsewhere‚ tracking the movements of the Swiss franc (CHF) in the last few months and the world events that had caused them. The Swiss franc had touched 1.17 CHF/US$ from the previous
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Introduction History of CNY/USD Exchange Rate Period to 1994: Prior to 1994‚ China maintained a dual exchange rate system. This consisted of an official fixed exchange rate system‚ which was used by the government‚ and a relatively market-based exchange rate system that was used by importers and exporters in “swap markets”. The two exchange rates differed significantly. For example‚ the official exchange rate with the dollar in 1993 was 5.77 Yuan versus 8.70 Yuan in the swap markets. The foreign
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CHINA AN ECONOMIC OVERVIEW The rapid rise of China as a major economic power within a time span of about three decades is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms began) to 2011‚ China’s real gross domestic product (GDP) grew at an average annual rate of nearly 10%. From 1980 to 2011‚ real GDP grew 19-fold in real terms‚ real per capita GDP increased 14-fold‚ and an estimated 500 million people were raised
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In recent years‚ China has met price of commodities rising quickly‚ inflation has affecting the overall economy. In this article‚ I will analyses last five years status of China inflation‚ explain the cause and effects‚ then base on the cause and effects‚ giving some solution to deal with the inflation. According to the definition of economics‚ inflation refers to the number of currency in circulation more than economic operation needed‚ and then cause currency devaluation and a persistently rising
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CHINA- Pegging and its main issue Before we understand the role that pegging of RMB plays in the upliftment of the Chinese economy we need to understand the pegging. Pegging is an idea of fixing the exchange rate of currency with the value of another’s country currency or to a basket of value‚ generally a small economy peg its currency with the currency of big economy so as to stabilize the value of the currency. The main issue to deal with are 1) The impact of pegging on china and other
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Pacific Europe Middle East U.S. N.Y. / Region Business Technology Science Health Sports Opinion Arts Style Travel Jobs Real Estate Autos For Prostitutes Jailed in China‚ Forced Labor With No Recourse By ANDREW JACOBS 11:06 PM ET A prostitute in Beijing known as Li Zhengguo said she would kill herself if arrested again. She is 39 and a single mother of two. Sim Chi Yin for The New York Times A prostitute in Beijing
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Nowadays such currencies as euro‚ Yuan and pound are growing up while dollars position is decreasing. Dollar depreciation is thought by many to be a good method of increasing output‚ investment and employment‚ while at the same time helping to reduce our current account deficit. At first glance‚ it seems obvious; a weaker dollar will make U.S. exports comparatively cheaper and thus increase output‚ investment and employment. In reality the theoretical models empirical evidence are much more complex
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China Healthcare Healthcare in China: ‘Entering uncharted waters’ July 2012 2 Healthcare in China: ‘Entering uncharted waters’ Franck Le Deu‚ Rajesh Parekh‚ Fangning Zhang‚ and Gaobo Zhou China’s healthcare sector continues to develop at an astonishing rate. The nation’s healthcare spending is projected to grow from $357 billion in 2011 to $1 trillion in 2020. Across key categories‚ from pharmaceuticals to medical products and consumer health‚ China remains one of the world’s most
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photography provides a sustained focus on social changes and unprecedented new social experiences. With support from Bates College‚ I organized this exhibition of photographs with works by seven contemporary Chinese photographers to illuminate the path that China has traveled in the past twenty-five years. The exhibition is intended to illustrate changes in Chinese society to an American audience. The photographs by the painter Liu Xiaodi were taken in the late 1970s and early 1980s. At the time‚ while he
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