Some experts suggest that China will need to transition from its export-manufacturing based economy to an economy based on domestic consumption and an enhanced service sector. To make this transition,...

Some experts suggest that China will need to transition from its export-manufacturing based economy to an economy based on domestic consumption and an enhanced service sector. To make this transition, what changes in China’s economic and other public policies need to be made? Why is China trying to keep the value of its currency from rising? What would be the impact on the Chinese economy, Chinese workers, and Chinese consumers if the yuan were to rise in value?