China has used a fixed yuan exchange rate and a crawling peg exchange rate. In both cases, China pegs its currency to the

Name: China has used a fixed yuan exchange rate and a crawling peg exchange rate. In both cases, China pegs its currency to the
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China has mainly pegged its currency, the yuan, to the U.S. dollar since 1994, including a crawling peg where the rate is adjusted based on a basket of currencies, of which the U.S. dollar has the largest weighting.

China Has Used a Fixed Yuan Exchange Rate and a Crawling