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How did china policy regarding the value of the renminbi

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How did China's policy regarding the value of the renminbi (the Chinese currency) change after economic reform got underway in 1978? What was the policy before 1978 and what was the new policy after reform began? What was the reason for the policy change and how does it relate more generally to the way in which reform changed the role of trade in the Chinese economy? (Indicate how this role changed.) Finally, what is the "Open Door" policy, broadly speaking, and what was the reason for it?

Reference no: EM132608419

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