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An article on usatoday.com included the following two observations: First, “Chinese companies and individuals have begun to invest more heavily outside the country.” Second, “The yuan has dropped nearly 7 percent against the dollar so far this year. The Chinese government has responded by draining its foreign exchange reserves to buy yuan, hoping to slow the currency’s fall”. Review the following articles:
“The Chinese Yuan: The World’s Most Controversial Currency'” in your textbook
“What it means if What it Means if Trump Names China a Currency Manipulator Download What it Means if Trump Names China a Currency Manipulator
Step 2: Write a 2-page APA formatted paper summarizing the reading in your own words by answering the prompts below. Title and reference pages are required for this assignment.
Briefly explain the article.
Is there a connection between Chinese companies and individuals investing more heavily outside the country and the drop in the yuan?
Why might the Chinese government want to slow the fall in the yuan?
Why would the Chinese government have to drain its foreign exchange reserves to slow the fall in the yuan?
Step 3: Submit assignment by due date indicated