The Conversation

US shouldn't fret over cheaper yuan: China's growing middle class will keep buying 'Made in America'

Author: The Conversation

A change in the scales isn't likely to put a major dent in the growth in US exports to China.Yuan dollar via www.shutterstock.com

News that the People’s Bank of China, the country’s central bank, changed its formula for calculating the reference rate of the yuan (RMB) prompted the currency to fall to a four-year low.

Essentially, the...

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