Government want this change in the value of the yuan

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Recently, there has been substantial pressure on China from the U.S. government to allow the value of the yuan to decrease relative to the U.S. dollar. Why might the U.S. government want this change in the value of the yuan? How would such a change affect the relative price of Chinese goods versus U.S. goods? how would it affect the value of U.S. liabilities owned by Chinese residents?

Reference no: EM131241570

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