4 ms·
Yuan to Dollar peg was maintained because the currency is not freely trade-able, and it does not follow market economics. Chinese government has been easing co
by analyst74 12y ago
Yuan to Dollar peg was maintained because the currency is not freely trade-able, and it does not follow market economics.
Chinese government has been easing control and letting Yuan slowly inch upward in the past 10 years or so, and nothing catastrophic seems to have happened yet.