Market Liberalization… with Chinese Characteristics: Can the Chinese Yuan become a Global Reserve Currency? Jessica Davis Fort Hays State University ECFI 644 International Economics April 30‚ 2012 Dr. Dosse Toulaboe Abstract China’s economy is growing ever larger‚ but is that enough to get the Chinese Renminbi (more commonly known as Yuan) to be accepted as a global market currency? This paper will look into the liberalization‚ but with Chinese characteristics
Premium Foreign exchange market United States dollar Currency
The Tang: A Poetic People On the river‚ vainly I encounter a Yuan Shao’s sconce. Snowy ridge—alone I watch sun setting in the west; Swordgate—still hindering men coming from the north. (from Du Fu’s Autumn Is Done Translated by David McCraw) Readers of Tang Dynasty poetry have learned about social and political structures of the time because it was heavily integrated into society. Poetry was incorporated in nearly all aspects of everyday life during the rule of Emperor Xuangzong. Although
Premium Tang Dynasty Social structure Poetry
Sinicization of the Yuan and Qing Dynasties China is one of the oldest civilizations in human history. Since the emergence of the Xia (夏‚ c. 2070-1600 B.C.) Dynasty in around 2000 B.C.‚ China has had a profound impact on South East Asia and the world as a whole. Today‚ China spans from the Pacific Ocean in the East to the Himalayas in the West and is home to some 1.5 billion people. In China’s diverse history‚ there appears to be a rather surprising anomaly: the rule by ethnic minorities in
Premium Qing Dynasty Ming Dynasty China
Fabia Ling-Yuan Lin in her chapter ’Cartoon’s Hyperrealism’ of her book Doubling the Duality (2014) explains the issue with realism within animation by means of a case study. Like the other texts‚ she explains at first the meaning of hyper-realism‚ using Lister’s text as a secondary source. She emphasises that in order to understand the origins of hyper-realism‚ and how it became the norm in western animation‚ one must examine the creation process of Snow White and the Seven Dwarfs (Lin‚ 2014). This
Premium Walt Disney The Walt Disney Company Fairy tale
yuan revaluatin impact of the textile industry in Zhejiang Province and Countermeasures Abstract: The appreciation of yuan in Zhejiang textile Industry is a "double-edged sword." In this paper‚ both negative and positive aspects of their analysis of the impact proposed to overcome its negative impact on some of the feasibility of countermeasures. Keywords:: RMB appreciation impact of countermeasures‚ Zhejiang textile Industry Since at 19 o’clock on July 21‚ 2005 onwards‚ China began to implement
Premium International trade Foreign exchange market United States dollar
INTERNATIONAL EXPERIENCE AND PRACTICE REASON AND IMPACT OF INCREASE IN CHINESE YUAN VALUE OF CHINA NGUYEN XUAN HONG Banking Academy After much pressure on Chinese Yuan (CNY)‚ China made decision on increase in their currency in 6/2010. How will this increase impact on relevant objects? This article aims to find reason and impacte of increase CNY value of Chine on Chinese economy and other countries‚ including Vietnam be carefull on exchange rate policy to avoid impact on export.
Premium International trade Foreign exchange market Bretton Woods system
what is probably the world’s biggest online shopping event。 The 50‚000-plus merchants on Alibaba’s consumer-oriented Tmall.com took in 13.2 billion yuan (US$2.1 billion)， the company said‚ after discounts of at least 50 percent were promised on a massive range of goods。 Sales on Alibaba’s Taobao marketplace took the 24-hour total to 19.1 billion yuan。 The Tmall total was more than three times the amount raised on the same day last year and more than double the amount Shanghai retailers took during
Free Shopping Retailing Online shopping
triggered the Asian currency collapse. With regard to yuan depreciation‚ there were different voices on its contributions to Asian currency crisis. On January 1994‚ China unified its official exchange rate with the market rate‚ and Chinese yuan depreciated from 5.8 per US $ to 8.7 per US $ (Hu & Kasa 1998; Fernald et al. 1998; Kwan 1999). Theoretically‚ since China exported similar products with ASAEN countries‚ the depreciation of yuan was considered increasing the Chinese export competitiveness
Premium United States dollar Currency Exchange rate
the Yuan and its impacts to the US economy and the hedging solution What have been the exchange rate policies of the Yuan (CNY) or Reminbin (RMB) of the Chinese Government? Let’s start with the reviewing of the exchange rates separately throughout the history. There are not a lot of readers may know that the exchange rate of USD/CNY were approximately close to one time at the beginning of 1980s. In 1983‚ two years before I were born‚ one US Dollar (USD) was traded at 1.43x of the Chinese Yuan or
Premium Currency United States dollar Foreign exchange market
Should China revalue the yuan against the dollar? If so‚ what impact may this have on (1) US balance of payments‚ (2) Chinese balance of payments‚ (3) relative competitiveness of Mexico and Thailand‚ (4) firms such as Wal-Mart‚ and (5) US and Chinese retail consumers? China‚ the largest growing market in the world‚ currently has a policy regarding monetary regulation that allows the Yuan to “float”. This has seen the Yuan appreciate by approximately 24% over the past few years. Today‚ the exchange
Premium United States United States dollar Bretton Woods system