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Yuan is the currency of China. Currently it has very low value against other currencies. This gives china ability to sell externally large amounts of low cost low manufactured goods. As a result China has a chronic trade quality surplus. In X years the Yuan replaces the dollar as the world trade currency. What will be the impact on the internal economy of china describe and justify your answer. Show all the links between the data and conclusion.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945453

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