USA has accused China of currency devaluation to promote its exports.In the light of the given media report comment , how exports can be promoted through the currency devaluation?
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A devaluation in the currency leads to a fall in the price of the country's exports and a rise in the price of the country's imports. ... When these countries purchase your country's goods, they pay with their own currencies. This leads to an increase in the inflows of foreign exchange.
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