Exchange Rate Regime in China, India, Russia, Brazil

Instructions
Please answer the 4 questions in the first file, because the requirements need to choose a country to write. The country I choose is China. Another file may be helpful for writing. Some datasheets and graphs can be added to explain in the appendix.
The following are groups of emerging or developing countries:
BRIC (Brazil, Russia, India & China);
BIITs (Brazil, India, Indonesia, Turkey & South Africa); or
MINT (Mexico, Indonesia, Nigeria & Turkey)
Required:
Select one country only and answer the following questions:
What exchange range regime has that country adopted and what was the rationale
behind that choice? (50 marks)
What are the advantages and disadvantages of the choice of exchange rate regime? (25 marks)
How successful is the choice of regime? (25 marks)
Research this topic widely in academic texts and journals. The work should be
referenced in accordance to APA and should not exceed 1500 words (not including
references).