I like the way you explained the background information of the issue. I also think the way you used the diagram and explained the reasons was very effective. Well done!
Relations between China and US have been unstable in the recent years. The US is particularly disappointed (according to the understanding of the US) in China’s manipulation of their currency. China moved its exchange rate system from a fixed to a managed currency exchange rate in 2005. A fixed exchange rate system is where one currency is fixed in the value against another. It involves the government working to keep the parity through invention … Read More
via Kanika’s Economic Blog
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