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China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial … could attract even more hot money inflows, the People's Bank of China should focus on tightly stabilizing the yuan/ dollar … exchange rate to encourage naturally high wage increases for balancing China's international competitiveness. …
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In this Policy Contribution, Jean Pisani-Ferry observes the lack of European interest towards China's exchange policy … renminbi, and they can be expected to adopt an increasingly active stance on China's exchange rate policy. …
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