PREVIEW

... become "cheap". However, this kind of thing has advantages and disadvantages. The decline in currency value means that in the international trade of imports, the country needs to spend more.

After decades of high-speed growth, the RMB’s rigid pricing mechanism has been criticized, and the pressure from the international community is also increasing. For this reason, the government had to carry out a round of exchange rate reforms in 2002, and the RMB gradually rose. to a high of 6.2. But ...

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