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Why is China reluctant to revise its exchange rate immediately?
Wiki User
∙ 13y ago
This is a simple math question. The Chinese economy is growing off of their surplus of exports. They sell their products cheaply because of the weak (in relation to the market) currency. By raising the value of the artificially depressed currency they would make their products more expensive to their customers, the US consumer. This policy makes the products more affordable while creating manufacturing in their country.
perhaps easier China is supply and demand based
US has advanced to a fear and greed economy through more advanced lawmaking
perhaps a PAC can explain this better
also the us has devalued their currency by spending 400% more on insurance than on health care
Wiki User
∙ 13y ago
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American support for Taiwan
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American support for Taiwan made China reluctant to improve relations with the US. The Vietnam War
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American support for Taiwan The Vietnam War
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