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1) Recap
the
different
arguments
used
by
the
U.S.
of
America
and
Chinese
of
United
States
accused
the
government
clearly
said
that
currency
is
not
3. Why
are
Japan,
the
newly
industrialized
economies
(NIEs)
and
part of the export and import of these countries (including China) was by
Processing Trade. This type of trade was mutually beneficial for both the
countries.
4. Do you think the renminbi is undervalued against the US dollar? How
can China maintain the exchange rate of the renminbi?
Ans4: Yes the Renminbi has been undervalued because of the fact that
even though china has excess of trade surplus ($101.9 Billion) and FDI
inflow has been increasing (from $53.5 Billion in 2003 to $63 billion in
2006) over the years, its currency value has not appreciated.
It was
rate
all of
Chinas
US
dollars
for renminbi
can
lead to