China's currency market
In: Far Eastern affairs: a Russian journal on China, Japan and Asia-Pacific Region ; a quarterly publication of the Institute for Far Eastern Studies, Russian Academy of Sciences, S. 85-99
ISSN: 0206-149X
The currency market is an important element of China's money market. A currency market began to take shape in the country when the economic reform was launched in the late 1970s. The paper explores China's market and discusses why Currency Exchange Regulation Centres (CERCs) have been established and for what purpose, the CERC in Shanghai and prospects for the currency market's development. (DÜI-Sen)