The International Law and International Relations Dimensions of China's Exchange Rate Regime

China's exchange rate regime has been an international concern for years, and is possibly one of the chief reasons for causing a trade war between the United States and China. Critics have alleged that the current Chinese RMB practices add unfair advantages to Chinese exports, and are hence a violation of international law. This paper aims to study China's exchange rate regime in the context of international law and economic relations. It will examine the legality of the regime under the law of the World Trade Organization (WTO) and the International Monetary Fund (IMF). It will also explore the international relations aspects of China's exchange rate policies and practices, aiming to explain why China has been resistant to international pressure to revaluate its currency, mainly from the perspectives of trade liberalization and economic development