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Erschienen in:
2016 | OriginalPaper | Buchkapitel
International Distortions
verfasst von : Paul Armstrong-Taylor
Erschienen in: Debt and Distortion
Verlag: Palgrave Macmillan UK
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A cheap currency helps boost both exports and investment. The more renminbi foreigners can purchase with their currency, the cheaper China’s exports will seem to them, and the more they will buy. This increases the output and profits of Chinese exporters, leading to growth and stimulating more investment. Along with low interest rates and government guarantees, a cheap currency has been a key contributor to China’s rapid growth.