Business firms in countries with exchange controls, for example, China (mainland), often must surrender foreign exchange earned from exports to the central bank at the daily fixing price.

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Business firms in countries with exchange controls, such as China (mainland), have restrictions on the convertibility of their currency and must surrender foreign exchange earned from exports to the central bank at the daily fixing price. This is a measure taken by the government to manage the balance of payments and maintain the value of the national currency.

Business Firms in Countries with Exchange Controls, for Example, China