The Effect of Making Chinese Products Cheap Is Due to the Fact

question 6

Short Answer

The effect of making Chinese products cheap is due to the fact that Chinese currency is ______.

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Definitions:

Saving

The portion of income not spent on consumption or taxes and is typically set aside for future use or emergencies.

Protectionist Policies

Protectionist policies are governmental actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, indicating a net outflow of domestic currency to foreign markets.

Foreign Assets

Assets held in a country by foreign residents and businesses, which can include stocks, bonds, real estate, and other types of investments.