Revalued in July 2005, China’s currency by 2.1% and adjusted its exchange rate regime towards a more market-oriented system. Esquel Group, a family business, privately held company specializing in textiles located high-quality cotton shirts with its main production site in China was confronted by the companies with the challenge of coping with the appreciation of the yuan and the possibility of future appreciation. Provides a brief overview of the Chinese textile industry and background … Read more »

Revalued in July 2005, China’s currency by 2.1% and adjusted its exchange rate regime towards a more market-oriented system. Esquel Group, a family business, privately held company specializing in textiles located high-quality cotton shirts with its main production site in China was confronted by the companies with the challenge of coping with the appreciation of the yuan and the possibility of future appreciation. Provides a brief overview of the Chinese textile industry and background on Esquel Group.
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from
Laura Alfaro,
Rafael Di Tella,
Ingrid Vogel
Source: Harvard Business School
8 pages.
Release date: 06 March, 2006. Prod #: 706023-PDF-ENG
China to float or swim? (C): Esquel Group, the Chinese renminbi HBR case solution

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