macroeconomics- china downfall

Aug 13th, 2016
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Harvard University
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yuan devaluation , reasons , and future explained with graphs and charts

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DEVALUATION OF CHINESECURRENCY (YUAN)Presented byKARANDEEP SINGH2013CE10350A BRIEF DETAILS ABOUT CHINACAPITALBEIJINGLARGEST CITYSAHANGAIOFFICIAL LANGUAGESTANDARD CHINESEGOVERNMENTSOCIALIST SINGLE PARTY STATELEGISLATURENATIONAL PEOPLES CONGRESSAREA95,96,961 SQUARE KMGDP$ 11.212 TRILLIONPER CAPITA INCOME$ 8,154CURRENCYYUAN OR RENMINBI $1= 6.17 YUANINTRODUCTIONThe people of China is a sovereign state in East Asia withpopulation of over 1.35 billionThe PRC is a single party state governed by the communist partyof ChinaChina is worlds largest exporter and second largest importer ofgoodsCURRENCYCurrency refers to money in any form when in actual use orsomething that is used as a medium of exchange.In todays economy a currency is generally accepted form ofmoney, including coins and paper notes, which is issued by agovernment and circulated within an economy. Used as amedium of exchange for goods and services, currency is thebasis for trade.It can be classified into fiat money and commodity money.EXCHANGE RATEA price of a nations currency in terms of another currency.An exchange rate has two components i.e. Domestic currencyand Foreign Currency.Exchange rate could be determined through (a)Fixed &(b) Floating.DEVALUATION & REVALUATIONDevaluation means a deliberate downward adjustment to thevalue of a countrys currency, relative to another

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