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This is a complex answer and many factors to it. China is a communist country so it can control it's industry and banking system. The government is in control of the majority of the industry. They are also buying up western debt and have control over the relationship between the yen and other currencies. It is a growing country so foreign business is going to there to sell and make items, but the government is able to keep their people in near slave conditions through low wages ( this is one reason business wants to create factories there).

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