Explain how China was able to maintain an essentially fixed exchange rate between its currency, the yuan,

Question:

Explain how China was able to maintain an essentially fixed between its currency, the yuan, and the dollar from 1995 through 2005. Explain why China would have wanted to maintain this fixed Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...