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1 Debate

Will an appreciation in the Chinese yuan ultimately benefit the United States?

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joannejso

China was expected to announce the yuan's appreciation against the dollar. Considering how the global economy depends on China for cheap goods and trade bonds, the effect of the Chinese currency could effect global economies. China has also become the second largest economy, surpassing Japan in Gross Domestic Product. China sets the value of its currency, the yuan, to always equal a set amount of basket of currencies which includes the dollar. The Negation should prove that the negative impa...

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joannejso
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