I want to hear some interesting answers. Im looking reply, that is objective and balance. I do not want poltical or conspiracy theory replies?
2006-12-10 14:37:01 · 5 answers · asked by ram456456 5 in Social Science ➔ Economics
There government/central bank pegs it to the dollar. Recently they have agreed to have some flexibility but it hasn't changed much yet. They maintain this system by investing the surplus dollars from trade with the US in US assets. They also have trade surpluses with other countries which the handle the same way.
2006-12-10 20:37:00 · answer #1 · answered by meg 7 · 1⤊ 1⤋
In the equilibrium market between the supply and the demand of the currency, the Yuan has been made of more branches of trees
2006-12-11 18:11:26 · answer #2 · answered by toodd 4 · 0⤊ 0⤋
By not tagging it's value to international currencies, it is trying through its export volumes to make themselves the currency standard with its trading partners like Taiwan, N. Korea,Thailand,Viet Nam, and Mongolia.
2006-12-10 22:50:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
They use yuan dung. Next question grasshoppah.
2006-12-10 22:46:04 · answer #4 · answered by Funnel 5 · 0⤊ 0⤋
they artificially limit its trade to within a narrow set of limits, based on a certain group of other currencies, this helps keep it low
2006-12-10 23:57:45 · answer #5 · answered by C_Millionaire 5 · 0⤊ 0⤋