China's Exchange Rate Regime

China Development Research Foundation is one of the leading economic think tanks in China, where many of the details of China’s economic reform have been formulated. Its work and publications therefore provide great insights into what the Chinese themselves think about economic reform and how it should develop.

• Introduction Foreword Summary of Research Results 1. Analysis of the Impact of RMB Exchange-Rate Adjustments on China’s Economy and National Welfare 2. The Impact of an Appreciating RMB on China’s Import and Export Trade 3. The Impact of RMB Exchange-Rate Adjustments on Enterprises and Industries Involved in Foreign Trade 4. Analysis of the Effect of Exchange-Rate Fluctuations on the Banking Industry 5. Evaluating the ‘Real Equilibrium Exchange Rate’ of the RMB 6. China’s Strategy for Reforming its RMB Exchange-Rate Policy and Macroeconomic Policies in Support of that Strategy 7. An International Comparison of Exchange-Rate Policies in Countries that have Undergone Economic Transition