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Xi Jinping Seduces Trump by Releasing Rope to the Yuan: China Makes a Trade Gesture to the US
Summary by Business Insider (Spain)
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1 Articles
Having a strong currency has its advantages when it comes to importing products from abroad, but it is an obstacle if the goal is to export them.That is why China has been tying its exchange rate, semi-anchored to the dollar, to be able to sell to other countries as much of its products as possible.It is the ace in the sleeve of the 'world factory': the historical undervaluation of its currency, the yuan.Since Donald Trump first came to the Whit…
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