Retrospective of exchange regimes in China and current crossroad

Abstract

The transforming process of the Chinese economy, from the economic overhaul of 1978 has been matter of interest and study for many; but the sustained growth and its export capacity achieved in the first decade of the XXI century overcomes with a large number of expectations that the international community could have foreseen. The export capacity, the entrance of the direct foreign investment and the capital speculative indicators show the growth of the Chinese economy, and makes it outstanding to analyze the circumstances under which China has achieved this position at world level. Of the previously mentioned, it stands out the exchange rate that maintains and locates it in a privileged position; so, the foreign exchange policy is a fundamental aspect to explain the situation that nowadays China keeps. The retrospective of the exchange regimens in China is the key to understand the present situation of China in the world context in order to forecast the Asian giant’s future development.

Keywords

• regímenes cambiarios
• China