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Contrast to us inflation

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Reference no: EM131594667

Assume China had an inflation rate of about 1.6% in a recent year, in contrast to U.S. inflation of about 2.2%

During the same year, the exchange rate moved from Y6.1/USD to Y6.3/USD. What has happened to the real value of the Yuan during that year?

Reference no: EM131594667

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