By the year 2005 and month July, the country, China revalued its currency about2.1% andamendedits exchange rate towards a more market-based system. ABB, a global power and automation technologies company was among those businesses faced with the challenge of addressing the possibility of future appreciation and the revaluation of the yuan.
Provides background on incentives as well as ABB's activities in China supplied by Chinese officials for multinational corporations to move inland.
PUBLICATION DATE: March 06, 2006 PRODUCT #: 706035-HCB-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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