What does a stronger US dollar-yuan exchange rate mean, and why is Beijing worried?

//What does a stronger US dollar-yuan exchange rate mean, and why is Beijing worried?

What does a stronger US dollar-yuan exchange rate mean, and why is Beijing worried?

Why is the US dollar-yuan exchange rate so important?The exchange rate between the Chinese yuan and the US dollar is an indicator of relative economic strength and also has a direct impact on each nation’s economy by affecting the value of imports and exports.In general, a stronger exchange rate makes a country’s exports more expensive, which can reduce demand for them. But a stronger exchange rate makes imports cheaper, potentially increasing demand in the longer run and helping to hold down…

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By | 2021-10-21T20:00:16+00:00 October 21st, 2021|Business|Comments Off on What does a stronger US dollar-yuan exchange rate mean, and why is Beijing worried?