Corporate Finance Discussion

I need an explanation for this Accounting question to help me study.

Topic: The Finance Manager and Global Considerations

Most all people unwittingly purchase many imported goods. It might be an interesting exercise to check your recent purchases to see how many items include a “Made in China” tag. The U.S. has long criticized Beijing’s policymakers of keeping the Yuan (Chinese currency) artificially cheap to give Chinese exports an unfair advantage in global markets.

  • Explain how China has been able to devalue their currency, the more specific the better.

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