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China's Foreign Exchange Field Is Emerging New Changes

Discussion in 'Diskusi Forex' started by ikonfx, Mar 15, 2011.

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  1. ikonfx

    ikonfx Banned

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    Forex "With 30 years of reform and opening up, China's forex management system reforms is going along the direction of narrowing down the mandatory plans and nurturing the market mechanism, to transform orderly from the highly centralized fore management system to the foreign exchange management system that adapts to the socialist market economy.

    Before and after the reform and opening up, especially in recent years, there are new changes emerging in China's forex field.

    Being a developing country, China had faced two major dilemma, savings gap and forex gap. "Two-gap" severely hampers China’s economic development.

    The main goal of the foreign exchange management was to protect that the country’s high concentration and uniform domination to the forex that is a scarce resources.

    Now, China has become the world power of world trade import and export , and the world power of the forex reserves."
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