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Paperback The Future of China's Exchange Rate Policy Book

ISBN: 0881324167

ISBN13: 9780881324167

The Future of China's Exchange Rate Policy

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Book Overview

Over the past five years China has emerged as the world's largest global surplus economy; indeed by 2007-08 the size of its surplus relative to its GDP was of a magnitude unprecedented for a large trading economy. This development is especially surprising since in the first twenty-five years of economic reform China's trade and current account surpluses were quite small by East Asian standards, averaging less than 2 percent of GDP.

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