China is one of the world’s biggest offenders in currency manipulation. So what is currency manipulation and how does China do it?
China’s Renminbi Is Approved by I.M.F. as a Main World Currency
“The Chinese renminbi was anointed as one of the world’s elite currencies on Monday, a milestone decision by the International Monetary Fund that underscores the country’s rising financial and economic heft.”
Maybe China’s Currency Isn’t Undervalued-Really?
“In a blog post, Martin Kessler and Arvind Subramanian of the Peterson Institute claim that, contrary to popular belief, the Chinese renminbi is not undervalued.”
What Is Currency Manipulation?
“Currency manipulation is a big deal. It is costing up to 5.8 million American jobs and costs U.S. GDP by up to $720 billion.”
Music Track Courtesy of APM Music: “Continuity”
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