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What does china gain by keeping its currency from devaluatin

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Reflecting on exchange rates, write a 2- to 3-page paper, in APA format, answering the questions below relating to the China's Renminbi: Our Currency, Your Problem? case study.

1. What does China gain by keeping its currency from devaluating relative to those of its major trading partners?

2. What is the effect on U.S. businesses competing with Chinese businesses, both in domestic U.S. and foreign markets?

3. How will globalization be affected if China allows its currency to adjust to a rate consistent with a floating exchange rate system?

Reference no: EM13338166

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