For many years, China tightly managed its currency, through intervention and capital controls, effectively pegging the yuan to the U.S.dollar at a rate of about 8 yuan per dollar.Which of the exchange rate regimes discussed in the textbook did China have at that time?

Question

Quizplus · Accepted Answer

China had a fixed exchange rate regime, as it pegged the yuan to the U.S. dollar at a specific rate and used interventions and capital controls to maintain this rate.

For Many Years, China Tightly Managed Its Currency, Through Intervention