Re: How Does Chinese Currency Work?
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So is the argument really that artificially devaluing their own currency benefits them somehow? And hurts us?? How can this be the case? Something must be wrong about either the way he explained things, or the standard analysis. I don't really get all the particulars and would be very interested to hear somebody that does summarize the situation.
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Don't forget that its not the Chinese devaluing their currency, its a very small isolated group devaluing their currency (if what you describe is true).
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