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Renminbi currency value is an issue that affects the Chinese currency unit, the ''renminbi'' (; Code:CNY) and which is at the forefront of world economic discussion. Since the 1980s, China has emerged as a growing economic power due to its vast population, resources, economic reforms and industrialization. The ''renminbi'' is classified as a fixed exchange rate currency "with reference to a basket of currencies" is drawing attention or scrutiny from other western industrialized nations which have freely floated currency and has become a source of trade friction. The currency's chief antagonist is the United States which has labelled the persistent fixed rate as making Chinese goods unfairly competitive, slowing the recovery of the United States employment and economic growth. Some commentators have argued that with current economic conditions, the value of the ''renminbi'' should be allowed to appreciate in value by between 20 and 40 percent against the US dollar.〔IAN CAMPBELL and JEFFREY GOLDFARB. (2010, September 24). The Undervalued Chinese Currency :(Desk ). New York Times (Late Edition (east Coast)), p. B.2. Retrieved October 26, 2010, from Banking Information Source. (Document ID: 2145263481). 〕 According to the International Monetary Fund (IMF), the ''renminbi'' is undervalued somewhere between five and 27 percent.〔World Economic Outlook. International Monetary Fund.〕 ==Background== (詳細はPeople's Republic of China. Since the Chinese economic reforms of 1978, China has become the world's biggest exporter, second largest economy and biggest manufacturer in the world. For most of its early existence, the ''renminbi'' was pegged to the US Dollar. Its value gradually declined as China embarked on a new economic course during Deng Xiaoping's leadership and transformed into a more market-based capitalistic economy. Since 2005, the Chinese government has overturned its previous policy of pegging the Renminbi to the US dollar. The ''renminbi'' now floats within a small margin compared to a basket of currencies selected by the Chinese government.〔Kim F.. CRITICAL ANALYSIS: THE RMB'S EXCHANGE VALUE. Yale Economic Review. 2009 Jul 1;5(2): 22-23. In: ABI/INFORM Global (on the Internet ) (2010 Oct 25 ). Available from: http://www.proquest.com/; Document ID: 1873699161.〕 This is seen as a move to a more fully free-market floating of the Renminbi. The Renminbi has appreciated 22 percent since the mechanism reform in 2005 of the Yuan exchange rate. However, during the onset of the 2007-2008 global financial crisis, the ''renminbi'' was unofficially repegged to the US dollar. It was again depegged from the dollar in June 2010. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Renminbi currency value」の詳細全文を読む スポンサード リンク
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