The Foreign Exchange Reform in China and Hedging Currency Risk Finance Essay
China, one of the large emerging markets, with the implementation of its “reform and opening up policy” made in 1978. China has successfully transformed itself from an inflexible centrally-planned economy to an open and market-oriented economy, and accomplished remarkable progress in trade market. China has maintained high and stable growth rates for over two decades. Since China is becoming an increasingly important member in the world’s economic scene, the movements of the foreign exchange rate could be an important issue […]