LHR C1 VOI T YY]China’s CuencyDaniel Gonzalez, Truc Huynh, Uliana Batih, Patrycja SiragGroup...

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LHR C1 VOI T YY]China’s CuencyDaniel Gonzalez, Truc Huynh, Uliana Batih, Patrycja SiragGroup 1December 1, 2022Analysis and Synthesis - comprehensive report that may include data, figures, charts, analysisetc.List of References at the end of the report. APA Citation StyleChina’s CuencyFont: Times New Roman, 12, double space.Part 1: Discuss present and past Chinese cuency system-Truc*#** This is not done yet. NEED to add more information ***etary syst 1 that a government implements to provide the money in a’s econ cople within the country or international to exchange for goodsvices in er and coins as a method of payment.

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China’s currency devaluation is one thing which not only impacts China but also affects other economies around the world. The first country to take a stand against China’s deliberate efforts of devaluing its currency was the United States and this they did because the United States is one of the biggest export destinations for China therefore to boost exports it went ahead and devalued its currency (Qingiiang 2012).
China’s currency devaluation has the following affects on other economies around the world:
· Increasing dependency on one country: When a country devalues its currency this affects all the economies that have a trade relationship with the country, this is because if a country is an export hub for China the same country will now be more dependent on China because of the lower value of Yuan and therefore they will be able to purchase more goods
Similarly,

LHR C1 VOI T YY] China’s Currency Daniel Gonzalez, Truc Huynh, Uliana Batih, Patrycja Sirag Group 1 December 1, 2022 Analysis and Synthesis - comprehensive report that may include data, figures,...

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