Question

paragraph money devaluation and economy 120 words​

Answer 1

Explanation:

With a potential outbreak of a trade war between China and the US, talks of the Chinese using currency devaluation as a strategy have been rumbling. However, the volatility and risks involved may not make it worth it this time, as China has made recent efforts to stabilize and globalize the Yuan.

In the past, the Chinese denied it, but the second largest economy in the world has time and time again been accused of devaluing its currency in order to advantage its own economy, especially by Donald Trump. The ironic thing is that for many years, the United States government had been pressuring the Chinese to devalue the Yuan, arguing that it gave them an unfair advantage in international trade and kept their prices for capital and labor artificially low.

In the past, the Chinese denied it, but the second largest economy in the world has time and time again been accused of devaluing its currency in order to advantage its own economy, especially by Donald Trump. The ironic thing is that for many years, the United States government had been pressuring the Chinese to devalue the Yuan, arguing that it gave them an unfair advantage in international trade and kept their prices for capital and labor artificially low. Ever since world currencies abandoned the gold standard and allowed their exchange rates to float freely against each other, there have been many currency devaluation events that have hurt not only the citizens of the country involved but have also rippled across the globe. If the fallout can be so widespread, why do countries devalue their currency?

Answer 2

Answer:

Explanation:

There have been rumblings that China may use currency depreciation as a strategy in light of the likely start of a trade war with the US. However, given recent Chinese efforts to stabilise and internationalise the Yuan, the volatility and dangers involved could not make it worthwhile this time.

The second-largest economy in the world has long been accused of weakening its currency to benefit its own, especially by Donald Trump, but the Chinese have previously denied this.

Although the Chinese have previously denied it, the second-largest economy in the world has repeatedly been charged with weakening its currency to benefit its own economy, particularly by Donald Trump.

The irony is that for many years, the Chinese government had been under pressure from the US government to devalue the Yuan because they felt it offered them an unfair edge in global trade and artificially kept their costs of capital and labour low. There have been numerous currency devaluation events that have harmed not only the population of the country concerned but have also had an impact on people all over the world since world currencies abandoned the gold standard and allowed their exchange values to fluctuate freely against one another.

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