"This book presents a wide-ranging assessment of the current state of China's economy in relation to the global … international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong … prospects for further economic growth in China; and examines China's deepening integration into the world economy. Specific …

The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for … the world economy. There was a reform of China's exchange rate mechanism in 2005, following which the RMB appreciated 17 … project undertaken following the 2005 reform to assess the impact on China's economy. It considers the impact in a number of …