Why is China’s Currency Declining?

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The recent decline of the Chinese yuan has undoubtedly had implications on the government of China and Chinese citizens. In this video, we explore how the yuan devalued over time, how the People’s Bank of China controls its value, and the reasons behind its current decline.

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1 – https://www.macrotrends.net/2575/us-dollar-yuan-exchange-rate-historical-chart
2 – https://www.macrotrends.net/countries/CHN/china/trade-balance-deficit#:~:text=External%20balance%20on%20goods%20and,a%2030.16%25%20increase%20from%202020.
3 – KLEIN, MATTHEW C., and MICHAEL PETTIS. Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. Yale University Press, 2020
4 – https://www.bloomberg.com/news/articles/2022-09-02/from-fixing-to-signaling-how-china-manages-the-yuan-quicktake
5 – https://www.bloomberg.com/news/articles/2022-09-02/from-fixing-to-signaling-how-china-manages-the-yuan-quicktake
6 – https://www.ft.com/content/bc1b3695-b832-4d99-8712-fc9b53984acb
7 – https://www.bloomberg.com/news/articles/2023-04-13/chinese-exports-unexpectedly-rise-in-positive-sign-for-economy
8 – https://www.ft.com/content/e2aaaa56-5dee-41be-9ed4-181496de6bf3
9 – https://www.ft.com/content/0ae934ac-29c6-4ac0-aea2-a33e9388f47e

00:00 – Introduction
00:55 – A Bit of History
04:29 – Recent Decline
07:36 – Why This is Bad News for China
08:39 – Sponsored Content

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