regulation

China implemented reform of the RMB exchange rate regime from July 2005, and since then the RMB has been appreciating steadily in value against the US dollar. During this time, China's exports have continued to increase, seemingly unaffected by the appreciation of the RMB.
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As the financial turmoil continues to affect the global economy and
corporate players implement their best survival strategies, those with
a more visionary outlook are considering what the landscape will look
like once financial flows go back to some sense of normalcy. Who will
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Part 2: Opportunity.

If one should try to find positives in the gloomy current environment, to identify any new opportunities brought on by the crisis, the situation facing China could be full of possibility.
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After recently raising export tax rebates for manufacturers twice (in August for the textile industry, and in November for 3770 types of export products related to labour-intensive industries), China has again reduced export duties on some product categories in the steel, chemical and food industries, set to take effect from December 1 2008.
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