1. How might China’s concerns of a Yuan appreciation be Alleviated?
2. Currently the Yuan is not a convertible currency, meaning that the Chinese individuals are not permitted to exchange their Yuan for dollars to invest abroad. Moreover, companies operating in China must convert all their foreign exchange earnings into Yuan. Suppose China were to relax these currency controls and restraints on capital outflows. WHAT WOULD HAPPEN TO THE PRESSURE ON THE YUAN TO REVALUE? Explain
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