Yuan appreciation against the dollar from 2010

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1. It turns out that Italian companies exporting food products such as Parma ham and Parmigiano cheese have not seen a drop in exports, nor have high-fashion exporters such as Armani and Valentino despite the strong euro. Explain.

2. Why did yuan appreciation against the dollar from 2010 on not help manufacturers in southern Europe compete more effectively against Chinese manufacturers?

Reference no: EM131278881

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