foreign debt

03/21/2010

Chinese RMB & US Dollar Exchange Rate

The exchange rate of the Chinese Renminbi or the Yuan has always been a point of contention between the United States and China and even between China and the European Union. Thus, within business schools and political science programs this exchange rate issue and trade deficit concern has now become a hot topic for research papers. The reason for this is manifold but in essence China keeps its Yuan or RMB undervalued in order to bolster its export market.