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What exchange rate regime do you think the Bank of China followed until July, 2005?Justify your opinion. What regime do you believe the Bank of

What exchange rate regime do you think the Bank of China followed until July, 2005?Justify your opinion.

What regime do you believe the Bank of China was following from July, 2005 to July, 2008?Justify your opinion.What regime do you think the Bank of China has been following since July, 2008?Justify your opinion.

Finally, why is China adhering to these regimes?

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