What is the effect on u.s. businesses

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Reference no: EM13234540

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: EM13234540

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