Abstract
This IDC study is an attempt to assess what the recently introduced exchange regime shift in China does and does not mean for China, the United States, and the global economy.
"IDC believes the changes in the exchange rate of the renminbi (RMB) will not materialize into major adjustments in international trade patterns in the near future, especially in the high-tech industry," says Anna Toncheva, program manager and economist with IDCs Worldwide IT Markets group. "From a macroeconomic perspective, the revaluation will lead to a shift in the regional contributions to global economic growth, but not a shift in its rate of acceleration." |