Describe financial system in china

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Reference no: EM13217562

GLOBAL FINANCIAL MANAGEMENT & SUMMARY

For your final SLP, do some research on the currency and banking situation in your country.

We normally think of currency and banking risks as being something confined to third world or developing countries. But events in the last few years such as the Euro crisis or the financial crisis in the United States have shown that not even the wealthy, developed countries are without risks on the financial side. So it is important for any company doing business in your country to carefully consider these risks that they face.

After you've done some research about financial issues in your country, write a 2- to 3-page paper covering the following issues:

The currency of China. Is it stable? Does the exchange rate fluctuate a lot?

The banking system in China. How safe is this system? Any recent banking crisis in China?

Overall does the financial system in China make it easy or difficult to do business? What kind of steps would you recommend for a company doing business in China to hedge or minimize their financial risks?

Try not to rely on just one source-use multiple sources from the library if possible.

Use appropriate writing style (organization, grammar, and spelling; see Tips for Good Writing) and include both a bibliography and in-text citations.

Reference no: EM13217562

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