In July 2005, China revalued its currency by 2.1% and adjust its exchange rate regime to a more market-oriented system. Esquel Group, a family owned, private company specializing in textile shirts with high quality cotton production base of China’s largest, was one of the companies face the challenge of dealing with the revaluation of the yuan and the possibility of more future value. Provides a brief overview of the industry and are based in China textile Esquel Group.
by
Laura Alfaro,
Rafael Di Tella,
Ingrid Vogel
Source: Harvard Business School
8 pages.
Release Date: March 6, 2006. Prod #: 706023-PDF-ENG
China to float or not to float? (C): Esquel Group and the Chinese Renminbi case solution
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