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Suppose That China Wants to Fix Its Exchange Rate for US

question 245

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Suppose that China wants to fix its exchange rate for US dollars below the equilibrium exchange rate,making the yuan undervalued against the US dollar and many other currencies.How does that benefit China? Does it harm anyone in China?
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Definitions:

Leadership Qualities

Characteristics or traits that are effective for guiding or directing a group towards achieving a goal.

Emotional Instability

A state characterized by rapid changes in mood or emotions, often without a clear cause.

Psychotherapy

The treatment of mental disorder by psychological rather than medical means.

Role Playing

A training or learning method where individuals assume roles and act out scenarios to improve skills, solve problems, or understand different perspectives.

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