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Explain how china has been able to devalue currency

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Reference no: EM132438389

Most all people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a "Made in China" tag. The U.S. has long criticized Beijing's policymakers of keeping the Yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets.

  • Explain how China has been able to devalue their currency, the more specific the better.

Reference no: EM132438389

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